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On July 1 , 2 0 2 2 , Sunland Company purchased new equipment for $ 9 2 , 8 0 0 . Its estimated

On July 1,2022, Sunland Company purchased new equipment for $92,800. Its estimated useful life was 7 years with a $11,600 salvage value. On January 1,2025, the company estimated that the equipment's remaining useful life was 10 years, with a revised salvage value of $5,800.
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