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need help pls i will give thumbs up BB Inc. purchased manufacturing machinery for $12,500 on January 1, 2020. BB Inc. estimated the machinery to
need help pls i will give thumbs up
BB Inc. purchased manufacturing machinery for $12,500 on January 1, 2020. BB Inc. estimated the machinery to have a useful life of 10 years and a salvage value of $2,000. BB Inc. uses the straight-line method to depreciate the machinery, On January 1, 2023, BB Inc. determines that the machinery is expected to have a useful life of 8 years rather than 10 years, and the salvage value is revised from $2,000 to $1,000. What new amount of depreciation expense will BB Inc. record for 2023? $1,670 O $1,437.5 $1,050 O $1,312.50 O $1,870 Step by Step Solution
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