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1. on January 1, 2010, the Roderick beer corporation purchased equipment cost of $170,000. it was expected to have a useful life of eight years

1. on January 1, 2010, the Roderick beer corporation purchased equipment cost of $170,000. it was expected to have a useful life of eight years and no salvage value. The straight line depreciation was used. In January 2012, the estimate of salvage value was revised from $0 to $8,400.

How much depreciation should Roderick beer corporation record for 2012?

what?_ divided by what? _ = revised annual depreciation. (formula)

and what is the annual revised annual depreciation?

2. A machine is purchased on July 1, 2009, for $247,500. it has an expected used life for 15 years and no salvage value. After nine years the machine is sold for 102,500 cash. what is the gain or loss for this sale?

what?_minus what? _ = Gain(loss). (formula)

Gain(loss)=

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