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Example: Assume that at the beginning of the asset's third year, its book value is $6,400 ($10,000 cost less $3,600 accumulated depreciation using straight-line depreciation).
Example: Assume that at the beginning of the asset's third year, its book value is $6,400 ($10,000 cost less $3,600 accumulated depreciation using straight-line depreciation). At that time, it is determined that the machinery will have a remaining useful life of 4 years, and the estimated salvage value will be revised downward from $1,000 to $400
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