A piece of machinery with a cost of $82,000 has an estimated residual value of $16,000 and a useful life of 12 years It is depreciated using the straight line method Assume that at the beginning of the 8th year, the remaining useful life is estimated to be 6 years and the residual value is estimated to be $12,000 What is the depreciation expense for year 8 $2,585 $5,250 $11,000 $7,250 A piece of machinery with a cost of $82,000 has an estimated residual value of $16,000 and a useful life of 12 years It is depreciated using the straight line method Assume that at the beginning of the 8 th year, the remaining useful life is estimated to be 6 years and the residual value is estimated to be $12,000 What is the depreciation expense for year 8 $2,585 $5,250 $11,000 $7,250

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A piece of machinery with a cost of $82,000 has an estimated residual value of $16,000 and a useful life of 12 years  It is depreciated using the straight line method  Assume that at the beginning of the 8th year, the remaining useful life is estimated to be 6 years and the residual value is estimated to be $12,000  What is the depreciation expense for year 8  $2,585 $5,250 $11,000 $7,250 A piece of machinery with a cost of $82,000 has an estimated residual value of $16,000 and a useful life of 12 years  It is depreciated using the straight line method  Assume that at the beginning of the 8 th year, the remaining useful life is estimated to be 6 years and the residual value is estimated to be $12,000  What is the depreciation expense for year 8   $2,585 $5,250 $11,000 $7,250

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A piece of machinery with a cost of $82,000 has an estimated residual value of $16,000 and a useful life of 12 years. It is

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