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On 01/01/X1, a company purchased equipment for $60,000 and estimated an 8 year useful life & a $2.000 residual value. On 01/01/X5. the company
On 01/01/X1, a company purchased equipment for $60,000 and estimated an 8 year useful life & a $2.000 residual value. On 01/01/X5. the company revised estimates to be a total estimated useful of 9 years & a $3,650 residual value. The company uses the straight-line depreciation method. . What is depreciation expense for 20X5? (Do not include any words or signs in your answer; enter number only) $ . What is the balance in Accumulated Depreciation at the end of the revised estimated useful life? (Do not include any words or signs in your answer; enter number only) $
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