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On January 1 Year 1, Poultry Processing Company purchased a freezer and related installation equipment for $7700 The equipment had a three-year estimated life with

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On January 1 Year 1, Poultry Processing Company purchased a freezer and related installation equipment for $7700 The equipment had a three-year estimated life with a $3.900 salvage 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 salvage value was revised to $2,900 Required Compute the depreciation expense for each of the four years, Year 1 to Year 4. Depreciation Expense Year 1 Year 2 Year 3 Year 4

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