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7) Consider the following information: (10 Points) Asset cost Salvage value Life Method $56,000 1,000 10 years straight line A) What is the depreciation for

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7) Consider the following information: (10 Points) Asset cost Salvage value Life Method $56,000 1,000 10 years straight line A) What is the depreciation for year 3? B) What will the depreciation be in year 4 if at the beginning of that year we estimate that the will only be a total of 8 years instead of 10 years

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