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X Company had been depreciating a machine with an original cost of $ 1 2 5 , 0 0 0 and a salvage value of

X Company had been depreciating a machine with an original cost of $125,000 and a salvage value of $15,000 over its estimated useful life of 10 years using straight-line depreciation. At the beginning of the seventh year, X Company determined that the machine will actually remain in use for a total of 12 years and will have a salvage value of $5,000. How much depreciation will X Company recognize in the seventh year?
 

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