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Assume Red Maple Company had an asset that cost $12,000 and that Red Maple originally believed that the asset had a six year useful life

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Assume Red Maple Company had an asset that cost $12,000 and that Red Maple originally believed that the asset had a six year useful life with no residual value. Assume that Red Maple uses straight line depreciation, and that after the first two years had passed, management revised the estimated life to a total of 10 years. What would be the depreciation expense for Year 3? A. $4,200 B. $2,000 C. $1,000 D. $400

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