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Cullumber Company bought equipment for $150000 on January 1, 2021. Cullumber estimated the useful life to be 5 years with no salvage value, and the

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Cullumber Company bought equipment for $150000 on January 1, 2021. Cullumber estimated the useful life to be 5 years with no salvage value, and the straight-line method of depreciation will be used. On January 1, 2022, Cullumber decides that the business will use the equipment for a total of 6 years. What is the revised depreciation expense for 2022? $30000 $12000 O $24000 $20000

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