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On January 1, Year 1, Fish Stew Pizza purchased an industrial-grade oven for $58,000. The equipment had a four-year estimated life with a $3,200 salvage

On January 1, Year 1, Fish Stew Pizza purchased an industrial-grade oven for $58,000. The equipment had a four-year estimated life with a $3,200 salvage value. Straight-line depreciation was used. At the beginning of Year three, Fish Stew Pizza revised the expected life of the asset to five years rather than four years. The salvage value was revised to $2,100. Required Calculate the revised depreciation amount for year 4

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