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Holt Company purchased a computer for $25,520 on January 1, 2013. Straight-line depreciation is used, based on a 7-year life and a $1,250 salvage value.
Holt Company purchased a computer for $25,520 on January 1, 2013. Straight-line depreciation is used, based on a 7-year life and a $1,250 salvage value. In 2015, the estimates are revised. Holt now feels the computer will last a total of 5 years, when it can be sold for $750. Compute the 2015 depreciation.
Depreciation expense, 2015 | $ |
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