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Question
equipment costing $30,000 with a salvage value of $6,000 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 5 years and no change in the salvage value, the depreciation expense for year 3 would be
a.$3,600
b.$8,000
c.$6,000
d.$4,800
Answer
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