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Sheffield Corp. purchased a depreciable asset for $580000 on January 1, 2018. The estimated salvage value is $58000, and the estimated useful life is 9

Sheffield Corp. purchased a depreciable asset for $580000 on January 1, 2018. The estimated salvage value is $58000, and the estimated useful life is 9 years. The straight-line method is used for depreciation. In 2021, Sheffield changed its estimates to a total useful life of 5 years with a salvage value of $85000. What is 2021 depreciation expense?

A. 174000 B. 87400 C. 58000 D. 160500

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