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Don Company purchased equipment on January 1, 2012 for $82,000. The equipment is estimated to have a 5-year life and a salvage value of $5,000.

Don Company purchased equipment on January 1, 2012 for $82,000. The equipment is estimated to have a 5-year life and a salvage value of $5,000. The company used the straight-line depreciation method.

At the beginning of 2015, Don revised the expected life to eight years. The annual amount of depreciation expense for each of the remaining years would be:

rev: 10_08_2014_QC_55828

a. $6,220.

b. $7,160.

c. $6,160.

d. $7,700.

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