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Tatsuo Corporation purchased farm equipment on January 1, 2016, for $280,000. In 2016 and 2017, Tatsuo depreciated the asset on a straight-ine basis with an

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Tatsuo Corporation purchased farm equipment on January 1, 2016, for $280,000. In 2016 and 2017, Tatsuo depreciated the asset on a straight-ine basis with an estimated useful life of five years and a $90,000 residual value. In 2018, due to changes in technology. Tatsuo revised the residual value to $30,000 but still plans to use the equipment for the full five years. What depreciation would Tatsuo record for the year 2018 on this equipment? Mutiple Cholce $52,000 $28.000 $58,000. $50000

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