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On January 1 , Year 1, Mach X, Inc., paid $90,000 cash for a machine with an estimated useful life of 5 years and a

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On January 1 , Year 1, Mach X, Inc., paid $90,000 cash for a machine with an estimated useful life of 5 years and a $10,000 salvage value. In December Year 2, the company decided that the machine's original estimated useful life of 5 years should be revised to a total of only 3 years (i.e., a remaining life of 2 years) with a 50 salvage value. Show the effect of the depreciation adjusting entry for Year 2 using straight-line deprecation given this change in estimate. Be sure to answet each; if no effect, select "0 No Effect". Assets A. (46,000) Accumulated Depreciation B. (30,000) Accumulated Depreciation Liabilities C. (24,666) Depreciation Expense Shareholders' Equity

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