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View Policies Current Attempt in Progress Equipment was acquired on January 1, 2018, at a cost of $105,000. The equipment was originally estimated to

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View Policies Current Attempt in Progress Equipment was acquired on January 1, 2018, at a cost of $105,000. The equipment was originally estimated to have a salvage value of $4,200 and an estimated life of 10 years. Depreciation has been recorded through December 31, 2021, using the straight-line method. On January 1, 2022, the estimated salvage value was revised to $6,000 and the useful life was revised to a total of 8 years. Determine the depreciation expense for 2022. Depreciation expense for 2022 $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer

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