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An asset was purchased for $149,000 on January 1, Year 1 and originally estimated to have a useful life of 10 years with a residual

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An asset was purchased for $149,000 on January 1, Year 1 and originally estimated to have a useful life of 10 years with a residual value of $9,000. At the beginning of the third year, it was determined that the remaining useful life of the asset was only 4 years with a residual value of $3,000. Calculate the third year depreciation expense using the revised amounts and straight line method a $30,000.00 b. 530,500.00 OC. $29.500.00 d. 528.500.00

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