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Oriole Snowboarding Company, a public company, purchased equipment on January 10, 2017, for $750,000. At that time, management estimated that the equipment would have a

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Oriole Snowboarding Company, a public company, purchased equipment on January 10, 2017, for $750,000. At that time, management estimated that the equipment would have a useful life of 10 years and a residual value of $50,000. Oriole uses the straight-line method of depreciation and has a December 31 year end. Oriole tested the equipment for impairment on December 31, 2021, after recording the annual depreciation expense. It was determined that the equipment's recoverable amount was $325,000, and that the total estimated useful life would be eight years instead of 10, with a residual value of $10,000 instead of $50,000. (a) Calculate the annual depreciation expense for the years 2017 to 2021 and the carrying amount at December 31, 2021. Depreciation Expense Carrying Amount 2017 $ 2018 $ $ $ $ $ 2019 2020 $ $ nnnn

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