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Purchase date July 1, Year 1 Purchase price $102,600 Salvage value Usefullife $10,200 12 years Depreciation method straight-line The asset's book value is $87,200 on

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Purchase date July 1, Year 1 Purchase price $102,600 Salvage value Usefullife $10,200 12 years Depreciation method straight-line The asset's book value is $87,200 on July 1, Year 3. On that date management determines that the asset's salvage value should be $5,200 rather than the original estimate of $10,200. Based on this information, the amount of depreciation expense the company should recognize during the last six months of Year 3 would be: Multiple Choice $2180.00 $4,100 00 $2,050.00 $179500

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