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Oriole Company purchased a hot tub for $8,210 on January 1, 2016. Straight-line depreciation is used, based on a 6-year life and a $1,310
Oriole Company purchased a hot tub for $8,210 on January 1, 2016. Straight-line depreciation is used, based on a 6-year life and a $1,310 salvage value. In 2018, the estimates are revised. Oriole now feels the hot tub will be used until December 31, 2020, when it can be sold for $615. Compute the 2018 depreciation. Depreciation expense, 2018 $
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz
4th edition
978-0133428469, 013342846X, 133428370, 978-0133428377
