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Pinewood Corporation purchased a piece of equipment for $67,500. It estimated an8-year life and a $1,100salvage value. At the end of year four (before the
Pinewood Corporation purchased a piece of equipment for $67,500. It estimated an8-year life and a $1,100salvage value. At the end of year four (before the depreciation adjustment), it estimated the new total life to be10years and the new salvage value to be $25,100.
Compute the revised depreciation.(Round answer to 0 decimal places, e.g. 5,275.)
Revised annual depreciation |
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