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Flint Corporation purchased a piece of equipment for $56,700. It estimated a 8-year life and $3,300 salvage value. At the end of year 3 (before
Flint Corporation purchased a piece of equipment for $56,700. It estimated a 8-year life and $3,300 salvage value. At the end of year 3 (before the depreciation adjustment), it estimated the new total life to be 10 years and the new salvage value to be $4,100. Compute the revised depreciation. Company uses straight-line depreciation method. (Round answer to 0 decimal places, e.g. 125.)
What is the Revised depreciation?
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