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Nash Company placed an asset in service on January 2, 2015. Its cost was $1,053,000 with an estimated service life of 6 years. Salvage value

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Nash Company placed an asset in service on January 2, 2015. Its cost was $1,053,000 with an estimated service life of 6 years. Salvage value was estimated to be $99,000. Using the doubledeclining- balance method of depreciation, the depreciation for 2015, 2016, and 2017 would be $351,000,$234,000, and $156,000 respectively. During 2017 the company's management decided to change to the straight-line method of depreciation. Assume a 35% tax rate. (a) Your answer is incorrect. How much depreciation expense will be reported in the income from continuing operations of the company's income statement for 2017 ? (Hint: Use the new depreciation in the current year) Depreciation expense

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