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A machine is purchased at $800,000, with an estimated salvage value of $100,000 and 20 years of useful life has been depreciated by the straight-line
A machine is purchased at $800,000, with an
estimated salvage value of $100,000 and 20 years of
useful life has been depreciated by the straight-line
method for 8 years. On January 1 of the ninth
year, management decided the total useful life of the
equipment should be 16 years instead of 20 years.
Depreciation expense for the ninth year is:
O A. 540.000
O B. $52,500
O C. $35.000
O D. $50,000
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