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3 7 . A company purchased equipment on January 1 , 2 0 2 2 , for $ 6 5 7 , 0 0 0

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A company purchased equipment on January 1,2022, for $657,000. In 2022 and 2023, the company depreciated the asset on a straight-line basis with an estimated service life of eight years and a $29,000 residual value. In 2024, due to changes in technology, the company revised the service life to a total of four years with no residual value. What depreciation would the company record for the year 2024 on this equipment?

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