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Omran Company purchased equipment in January of 2009 for 90,000. The equipment was being deprecated on the straight- line method over an estimated useful life
Omran Company purchased equipment in January of 2009 for 90,000. The equipment was being deprecated on the straight- line method over an estimated useful life of 20 years, with no residual value. At the beginning of 2019, when the equipment had been in use for 10 years, the company paid 15,000 to overhaul the equipment. As a result of this improvement, the company estimated that the useful life of the equipment would be extended an additional 5 years What should be the depreciation expense recorded for this equipment in 2019 Select one 5,500 3,000 4,500 4,000
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