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Goldman Co purchased a car on January 1, Year 1, for $7000. The generator was estimated to have a 8-year life and a salvage value
Goldman Co purchased a car on January 1, Year 1, for $7000. The generator was estimated to have a 8-year life and a salvage value of $800. At the beginning of Year 3, the company revised the expected life of the asset to 10 years and revised the salvage value to $450. Using straight-line depreciation, the depreciation expense recorded in Year 4 would be...?
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