A ($ 100,000) asset is depreciated for six years on a straight-line basis using a 10 -year
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A \(\$ 100,000\) asset is depreciated for six years on a straight-line basis using a 10 -year life and a \(\$ 10,000\) residual value. In year 7 , the remaining life is changed to five years, with a \(\$ 2,000\) residual value. How much depreciation expense should be recorded in year 7 ?
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