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A slicing machine was purchased on January 1, 2017 for $40,000. It was estimated that the slicers residual value is $4,000 and an estimated useful
- A slicing machine was purchased on January 1, 2017 for $40,000. It was estimated that the slicers residual value is $4,000 and an estimated useful life of 5 years. DDB was used to record depreciation in 2017. In 2018 (after the books were closed for 2017) it was discovered that 2017 depreciation was computed using the estimated residual value.
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Becker CPA Exam Final Review Auditing
Authors: Becker
1st Edition
1943628521, 978-1943628520
