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I need Accounting help please Video Cornerstone Exercise 7-22 Revision of Depreciation on January 1, 2011, slade Inc. purchased a machine for s9o,ooo. slade depreciated
I need Accounting help please
Video Cornerstone Exercise 7-22 Revision of Depreciation on January 1, 2011, slade Inc. purchased a machine for s9o,ooo. slade depreciated the machine with the straight-line depreciation method over a useful life of 10 years. using a residual value of $4,000. At the beginning of 2013, major overhaul, costing s35,000, was made. After the overhaul, the machine's residual value is estimated to be and a useful life of 12 years $2,500, the machine is expected to have a remaining Required: Determine the depreciation expense for 2013
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