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Coronado Industries purchased a depreciable asset for $ 842100 on January 1, 2018. The estimated salvage value is $ 87000 , and the estimated total
Coronado Industries purchased a depreciable asset for $842100 on January 1, 2018. The estimated salvage value is $87000, and the estimated total useful life is 9 years. The straight-line method is used for depreciation. In 2021, Coronado changed its estimates to a total useful life of 5 years with a salvage value of $148000. What is 2021 depreciation expense?
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Financial Accounting For Undergraduates
Authors: Wallace
4th Edition
1618533088, 9781618533081
