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A piece of equipment is purchased on 1/1/2009 and booked for $8,000 with a salvage value of $500 and a useful life of 7 years.
| A piece of equipment is purchased on 1/1/2009 and booked for $8,000 with a | |||
| salvage value of $500 and a useful life of 7 years. For the first 2 years | |||
| double declining balance was used. Starting in year 3, the method | |||
| was switched to the straight-line method with the useful life extended to 9 years. | |||
| What will be the amount of depreciation recorded in 2011? | |||
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Vector Mechanics for Engineers Statics and Dynamics
Authors: Ferdinand Beer, E. Russell Johnston Jr., David Mazurek, Phillip Cornwell, Brian Self
11th edition
73398241, 978-0073398242
