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Robinson Corporation acquired equipment on January 1,205, for $300,000, with an estimated useful life of 10 years and an estimated salvage value of $25,000. On
Robinson Corporation acquired equipment on January 1,205, for $300,000, with an estimated useful life of 10 years and an estimated salvage value of $25,000. On January 1, 20X8, Robinson Corporation revised the salvage value to $7,500 with no change in the useful life. What is depreciation expense for the year ending December 31, 208 if Robinson Corporation used straight-line depreciation? A. $21,750 B. $27,143 C. $27,500 D. $30,000 E. $31,071
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