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Current Attempt in Progress Carla Vista Company purchased a machine on January 1, 2022 for $942000. At the date of acquisition, the machine had
Current Attempt in Progress Carla Vista Company purchased a machine on January 1, 2022 for $942000. At the date of acquisition, the machine had an estimated. useful life of 6 years with no salvage. The machine is being depreciated on a straight-line basis. On January 1, 2025, Carla Vista determined, as a result of additional information, that the machine had an estimated useful life of 8 years from the date of acquisition with no salvage. An accounting change was made in 2025 to reflect this additional information. What amount of depreciation expense on this machine should be charged in Carla Vista's income statement for the year ended December 31, 2025? O $117750 O $188400 O $94200 O $235500 Current Attempt in Progress Oriole Inc. purchased a patent on January 1, 2023 for $560000. Oriole did not record amortization expense on the patent for 2023 and 2024. At the purchase date, the expected useful life of the patent was 10 years. At December 31, 2025, what should be recorded as the amortization expense? O $56000 O $112000 O $168000 O $0 because the value of the patent has not decreased
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