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Nankl Corporation purchased equipment on January 1, 2016. for $677,000. In 2016 and 2017, Nanki depreciated the asset on a straight-line basis with an estimated

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Nankl Corporation purchased equipment on January 1, 2016. for $677,000. In 2016 and 2017, Nanki depreciated the asset on a straight-line basis with an estimated useful life of eight years and a $13,000 residual value. In 2018, due to changes in sed the useful life to a total of 4 years with no residual value. What depreciation would Nanki record for the year 2018 on this equipment? (Round your answer to the nearest dollar amount.) Multiple Choice o $110,667 o O $111,380 O O $255,500

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