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Brief Exercise 22-5 Sheffield Company purchased a computer system for $86,700 on January 1, 2016. It was depreciated based on a 8-year life and an

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Brief Exercise 22-5 Sheffield Company purchased a computer system for $86,700 on January 1, 2016. It was depreciated based on a 8-year life and an $16,700 salvage vaeOJanuary 1, 2018, Sheffield revised these estimates to a total useful life of 4 years and a salvage value of $10,500. Sheffield uses straight-line depreciation. Prepare Sheffield's entry to record 2018 depreciation expense. (Credit account titles are automatically indented when amount is entered Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Aeceant Titles and Esplaati By accessing this Question Assistance, you will learn while you eam points baset on the Point Potential Policy set by your instructar Question Attempts: of 1 used save rc LATER SUBMET

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