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Question
equipment costing $40,000 with a salvage value of $8,000 and an estimated life of 8 years has been depreciated using the straight-line method for 2 years. assuming a revised estimated total life of 6 years and no change in the salvage value, the depreciation expense for year 3 would be
a.$6,000
b.$5,333
c.$8,000
d.$4,000
Answer
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