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The following information is available on a depreciable asset: The asset's book value is $83,600 on January 1 , Year 3. On that date, management
The following information is available on a depreciable asset: The asset's book value is $83,600 on January 1 , Year 3. On that date, management determines that the asset's salvage value should be $5,000 rather than the original estimate of $10,000. Based on this information, the amount of depreciation expense the company should recognize during Year 3 would be: $9,200.00$9,825.00$8,360.00$7,860.00$10,450.00 The following information is available on a depreciable asset: The asset's book value is $83,600 on January 1 , Year 3. On that date, management determines that the asset's salvage value should be $5,000 rather than the original estimate of $10,000. Based on this information, the amount of depreciation expense the company should recognize during Year 3 would be: $9,200.00$9,825.00$8,360.00$7,860.00$10,450.00
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