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Ivanhoe Company bought equipment for $190000 on January 1, 2021. Ivanhoe estimated the useful life to be 5 years with no salvage value, and the

Ivanhoe Company bought equipment for $190000 on January 1, 2021. Ivanhoe estimated the useful life to be 5 years with no salvage value, and the straight-line method of depreciation will be used. On January 1, 2022, Ivanhoe decides that the business will use the equipment for a total of 6 years. What is the revised depreciation expense for 2022?

$30400.

$15200.

$25333.

$38000.

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