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5. Golden Limited purchased a machine for $90,000 on January 1, 2014. It was originally depreciated on a straight-line basis over 10 years with an

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5. Golden Limited purchased a machine for $90,000 on January 1, 2014. It was originally depreciated on a straight-line basis over 10 years with an estimated residual value of $18,000. On December 31, 2016, before adjusting entries had been made, the company decided to change the remaining estimated life to 4 years (including 2016) and the residual value to $3.000. What was the depreciation expense for 2016? A) 87,200 B) $16,350 C) $17,500 D) $18,150

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