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Entity C purchased two electric vehicle (EV) charging stations ($35,000 each) on January 1, 2024, for $70,000. They were originally depreciated on a straight-line basis
Entity C purchased two electric vehicle (EV) charging stations ($35,000 each) on January 1, 2024, for $70,000. They were originally depreciated on a straight-line basis over five years with no salvage value. On December 31, 2025, before adjusting entries had been made, the company decided to change the total estimated useful life to 7 years. What was the depreciation expense for 2025? Round to the nearest dollar if necessary. Entity C purchased two electric vehicle (EV) charging stations ($35,000 each) on January 1, 2024, for $70,000. They were originally depreciated on a straight-line basis over five years with no salvage value. On December 31, 2025, before adjusting entries had been made, the company decided to change the total estimated useful life to 7 years. What was the depreciation expense for 2025? Round to the nearest dollar if necessary.
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