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The acquisition cost of equipment is $ 4 5 2 , 0 0 0 4 5 2 , 0 0 0 Residual value ( (

The acquisition cost of equipment is $452,000 Residual value (the estimated salvage value) is $2,000 and the useful life is 9 years. with linear depreciation method, what will be the depreciation in the second year? In the third year, the estimate changes to 10 years before the accounting of closing operations (from 9 to 10 years) and the residual value at 6,000. What will be the new depreciation for year 3? Which statements and which accounts will this transaction affect? What will it be like residual value of the property at the end of depreciation in 10 years. If tax depreciation allows the asset to be depreciated over 6 years on a straight-line basis, what will this situation cause?

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First we should understand linear or straightline depreciation This method spreads out the cost evenly over each year of the assets useful life The fo... blur-text-image

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