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please help in solving this! life of 15 on January 2, Year 1, Evans Company purchased equipment costing $36,000. The equipment has an estimated salvage
please help in solving this! life of 15 on January 2, Year 1, Evans Company purchased equipment costing $36,000. The equipment has an estimated salvage value of $5,040 and an estimated useful Evens company uses straight-line depreciation. On January 5 of Year 10, new information suggests that the equipment will have a total useful life of 11 years and a revised salvage value of 54,680. Required: 1. Compute depreciation expense for Year 10, 2. Compute the book value of the equipment at the end of Year 10. 1. Depreciation expense for Year 10 2. Book value at the end of Year 10 50 sa
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