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An asset was purchased for $ 6 5 , 0 0 0 and originally estimated to have a useful life of 1 0 years with
An asset was purchased for $ and originally estimated to have a useful life of years with a residual value of $ After years of straightline depreciation, it
was determined that the remaining useful life of the asset was only years with a residual value of $
a Determine the amount of the annual depreciation for the first years.
$
b Determine the book value at the end of Year
$
c Determine the depreciation expense for each of the remaining years after revision.
$
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