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Blossom's Quik Shop bought equipment for $320000 on January 1, 2025. Blossom estimated the useful life to be 10 years with no salvage valuc, and
Blossom's Quik Shop bought equipment for $320000 on January 1, 2025. Blossom estimated the useful life to be 10 years with no salvage valuc, and the straight-line method of depreciation will be used. On January 1,2026, Blossom decides that the business will use the equipment for a total of 11 years, What is the revised depreciation expense for 2026 ? $14400. $32000. $26182. $28800
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