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Alteran Corporation purchased office equipment for Sl.5 million in 2013. The equipment is being depreciated over the sum-of-the-years'-digits method. The residual value is expected

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Alteran Corporation purchased office equipment for Sl.5 million in 2013. The equipment is being depreciated over the sum-of-the-years'-digits method. The residual value is expected to be $300,000. At the beginning of 2016, Alte change to the straight-line depreciation method for this equipment Prepare the 2016 depreciation adjusting entry.

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