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Tops Co. purchases equipment for $12,000 and has been using straight-line depreciation, estimating a 5-year life ar third year, Tops decides to use the equipment
Tops Co. purchases equipment for $12,000 and has been using straight-line depreciation, estimating a 5-year life ar third year, Tops decides to use the equipment for a total of 6-years with no salvage value. Compute the revised depr O $2,375 O $2,875 O $1,250 O $1,850
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