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A machine with an original cost of $120,000 and no salvage value had an estimated useful life of 6 years, but after 2 complete years,

A machine with an original cost of $120,000 and no salvage value had an estimated useful life of 6 years, but after 2 complete years, management decided that the orignal estimate of useful life should have been 8 years.

Using a T-Chart template, prepare the following entries:

A. Depreciation for Year 1

B. Depreciation for Year 2

C. Depreciation for Year 3

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