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On January 1, 20X1, Tailwind Inc. purchased machinery for $174,000 with an estimated 13-year useful life and a $5,000 salvage value. After 5 years, the
On January 1, 20X1, Tailwind Inc. purchased machinery for $174,000 with an estimated 13-year useful life and a $5,000 salvage value. After 5 years, the company obtains new information about their machinery depreciation estimates and makes a change where the machinery would have a new total useful life of 9 years and have no salvage value. Assuming a straight-line method, what should be the yearly depreciation after the change is made? You may round amounts to the nearest dollar. In the answer field, please put your answer in bold font and show your work to receive credit. Paragraph B I U A/ o> > E
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