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Entity C purchased concrete coring equipment on January 1, 2024 for $12,000. It was originally depreciated on a straight-line basis over three years with no
Entity C purchased concrete coring equipment on January 1, 2024 for $12,000. It was originally depreciated on a straight-line basis over three years with no salvage value. On December 31, 2025, before adjusting entries had been made, the company decided to change the remaining estimated useful life to 4 years. What was the depreciation expense for 2025? Round to the nearest dollar if necessary. $2,667 $3,000 $2,000. $4,000
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