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An asset that cost $72,000 has a current book value of $42,000. A revision of the useful life of the asset estimates the asset has

  1. An asset that cost $72,000 has a current book value of $42,000. A revision of the useful life of the asset estimates the asset has a remaining useful life of four years and will have a salvage value of $12,600. Using the straight-line method, calculate the revised annual depreciation.

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