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Question
jack's copy shop bought equipment for $90,000 on january 1, 2011. jack estimated the useful life to be 3 years with no salvage value, and the straight-line method of depreciation will be used. on january 1, 2012, jack decides that the business will use the equipment for a total of 5 years. what is the revised depreciation expense for 2012?
a.$30,000
b.$12,000
c.$15,000
d.$22,500
Answer
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