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(2)Hollywood Ltd. Purchases equipment on 1/1/23 for $800,000 estimating a five-year useful life and no residual value. In 2023 and 2024, Hollywood depreciated the asset
(2)Hollywood Ltd. Purchases equipment on 1/1/23 for $800,000 estimating a five-year useful life and no residual value. In 2023 and 2024, Hollywood depreciated the asset using the straight- line method. In 2025, Hollywood changed to sum-of years'-digits depreciation for this equipment. What depreciation would Hollywood record for the year 2025 on this equipment
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