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On January 1 Year tu Company purchased an asset that cost $85.000. The asset had an expected useful life of five years and an estimated
On January 1 Year tu Company purchased an asset that cost $85.000. The asset had an expected useful life of five years and an estimated salvage value of $17,000. Li uses the straight line method for the recognition of depreciation expense. At the beginning of the fourth year, the company revised its estimated salvage value to $8.500 What is the amount of depreciation expense to be recognized during Year 4? 10 points Multiple Choice $35,700 $17,850 $22.00 $13,600
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