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On January 1, 2014, Muoy Machining Co. purchased a compressor and related installation equipment for S71.100. The equipment had a three-year estimated life with a

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On January 1, 2014, Muoy Machining Co. purchased a compressor and related installation equipment for S71.100. The equipment had a three-year estimated life with a S3.300 salvage value. Straight-line depreciation was used. At the beginning of 2016. Muoy revised the expected life of the asset to four years rather than three years. The salvage value was revised to S2.300. Required Compute the depreciation expense for each of the four years

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