In early January 2005, a company acquires equipment for $3,800.The company estimates this equipment to have a
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In early January 2005, a company acquires equipment for $3,800.The company estimates this equipment to have a useful life of three years and a salvage value of $200. Early in 2007, the company changes its estimates to a total four-year useful life and zero salvage value. Using the straight-line method, what is depreciation for the year ended 2007? lop7
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