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Hi, I would like to know how to solve this question Question 3 2 pts During 201?. Alphabet Soup decided to revise downward the estimated

Hi, I would like to know how to solve this question

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Question 3 2 pts During 201?. Alphabet Soup decided to revise downward the estimated useful life of its canning equipment from 14 years to 12 years. The equipment was acquired on January 1. 2010 at a cost of $750,000 and was estimated to have a salvage value of $50,000. Alphabet Soup uses straight- line depreciation for this asset. What would be depreciation expense in 201? using the revised useful life? Assume that the hooks for 2011'r have not vet been closed. that the salvage value is still expected to be $50,000. and that depreciation has not vet been recognized on this equipment for the year 201?. Use this information to answer questions 4 to 7 . On January 1 , 2014 Geek's Inc . purchased a server for $50, 000 . They intended to depreciate the asset over 5 years with a salvage value of $ 2, 000 , but their accountant incorrectly expensed the entire purchase as office supplies expense . The error was detected at the end of 2017 , before* the books were closed . The company uses straight- line depreciation . Assume a 30% tax rate and that taxes payable to the IRS is not affected by this error . Question 4 0. 75 pts What would be the dollar adjustment to depreciation expense at the end of 2017 to correct for* this error ? Question 5 0 . 25 pts Would you debit or credit depreciation expense for the adjustment calculated in question 4 ?' O Debit pHit

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