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calculate the depreciation expense using the sum of years digits method. On January 1, 2019, Acme purchases a new piece of equipment for $20,000 that

calculate the depreciation expense using the sum of years digits method. image text in transcribed
On January 1, 2019, Acme purchases a new piece of equipment for $20,000 that has a useful life of 4 years and a residual value of $2,000. Acme uses the sum-of-years'. digits method in 2019 and charges depreciation expense to 2019 accordingly. However, on January 1, 2020, Acme decides that the straight-line method is more appropriate. What should the depreciation expense be for 2020? (Assume all other estimates remain the same in 2020 as they were in 2019.)

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