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Justin Corporation purchased a depreciable asset for $300,000 on January 1, 2008. Estimated SV is $30,000 and useful life is 9 years. Use Straight Line

Justin Corporation purchased a depreciable asset for $300,000 on January 1, 2008. Estimated SV is $30,000 and useful life is 9 years. Use Straight Line Depreciation. In 2011, Justin changed its estimates to a total useful life of 5 years and a SV of $50,000. What is the 2011 depreciation expense?

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