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A company used straight-line depreciation for equipment that cost $12,000, had a salvage value of $2,000, and had a four-year useful life. After depreciating the

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A company used straight-line depreciation for equipment that cost $12,000, had a salvage value of $2,000, and had a four-year useful life. After depreciating the asset for two full years, the salvage value was reduced to $1,000 and its total useful life was increased from 4 years to 5 years. Determine the amount of depreciation expense for the remaining years of its useful life

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