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Equipment costing $30,000 with a residual value of $6,000 and an estimated life of 8 years has been depreciated using the straight-line method for 3

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Equipment costing $30,000 with a residual value of $6,000 and an estimated life of 8 years has been depreciated using the straight-line method for 3 years. Assuming a revised estimated total life of 5 years and no change in the residual value the depreciation expense for year 4 would be

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