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ACC - A company used straight-line depreciation for an item of equipment

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Question;A company used straight-line depreciation for an item of equipment that cost $14,250, had a salvage value of $3,000, and had a five-year useful life. After depreciating the asset for three complete years, the salvage value was reduced to $1,500 and its total useful life was increased from 5 years to 6 years. Determine the amount of depreciation to be charged against the machine during each of the remaining years of its useful life:$2,000.$1,250.$2,550.$2,125.$1,867.

 

Paper#42739 | Written in 18-Jul-2015

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