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Meta Cola purchased equipment on January 1, 2017 for USD 100,000 cash and estimated salvage value was USD 10,000. The equipment has an estimated useful
Meta Cola purchased equipment on January 1, 2017 for USD 100,000 cash and estimated salvage value was USD 10,000. The equipment has an estimated useful life of 9 years and uses straight-line method of depreciation. On January 1, 2020, after three years of depreciation, it was determined that the equipment has a useful life of 10 (Ten) years.
Referring to Meta- Cola Travels, calculate the depreciation amount per year and revised depreciation amount per year?
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