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On January 1, Year 1, Poultry Processing Company purchacod a freezer and related installation equipment for $63,900. The equipment had a three-year estimated life with

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On January 1, Year 1, Poultry Processing Company purchacod a freezer and related installation equipment for $63,900. The equipment had a three-year estimated life with a $4.800 calvage Value Straight-line depreciation was used. At the beginning of Year 3. Poultry Processing revised the expected life of the asset to four years rather than three years. The calvage value was revised to $3,800. Required Compute the depreciation expense for each of the four years. Year 1-Year 4. Depreciation Expense Year 1 Year 2 Year 3 Year 4

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