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Western Resort Company purchased a hot tub for 10,000 on January 1, 2021. Straight-line depreciation is used, based on a 6-year life and a
Western Resort Company purchased a hot tub for 10,000 on January 1, 2021. Straight-line depreciation is used, based on a 6-year life and a 1,600 salvage value. In 2023, the estimates are revised. Western Resort now feels the hot tub will be used until December 31, 2025, when it can be sold for 750. Compute the 2023 depreciation. Depreciation expense, 2023
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Intermediate Accounting IFRS
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
4th Edition
1119607515, 978-1119607519
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