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Question
ron's quik shop bought equipment for $50,000 on january 1, 2011. joe estimated the useful life to be 5 years with no salvage value, and the straight-line method of depreciation will be used. on january 1, 2012, ron decides that the business will use the equipment for a total of 6 years. what is the revised depreciation expense for 2012?
a.$8,000
b.$4,000
c.$6,667
d$10,000
Answer
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