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A machine originally had an estimated useful life of 12 years, but after 2 complete years, it was decided that the original estimate of useful

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A machine originally had an estimated useful life of 12 years, but after 2 complete years, it was decided that the original estimate of useful life should have been 15 years. At that point the remaining cost to be depreciated should be allocated over the remaining: Multiple Choice 15 years 5 years 12 years 13 years 10 years When originally purchased, a vehicle costing $23,220 had an estimated useful life of 8 years and an estimated salvage value of $1,700. After 4 years of straight-line depreciation, the asset's total estimated useful life was revised from 8 years to 6 years and there was no change in the estimated salvage value. The depreciation expense in year 5 equals: Multiple Choice $5.548.00 $2,690.00 $10,760,00 $5.380.00 $2.858.00

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