Equipment with a cost of $72,463, an estimated residual value of $6,507, and an estimated life of
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Question:
Equipment with a cost of $72,463, an estimated residual value of $6,507, and an estimated life of 10 years was depreciated by the straight-line method for 6 years. Due to obsolescence, it was determined that the remaining useful life should be shortened by 3 years and the residual value changed to zero. The depreciation expense for the current and future years is
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