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an asset cost $16000 when acquired and had an estimated useful life of 10 years with no estimated residual value.sue straight-line depreciation, during year 7,
an asset cost $16000 when acquired and had an estimated useful life of 10 years with no estimated residual value.sue straight-line depreciation, during year 7, the overall life was changed to 14 years
a) what should be recorded as depreciation expense for year 7?
b) what would the balance of accumulated depreciation be at the start of year 8?
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