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Your Company purchased equipment on January 1 for $75,000. The machines are estimated to have a 6-year life and a salvage value of $15,000. The
Your Company purchased equipment on January 1 for $75,000. The machines are estimated to have a 6-year life and a salvage value of $15,000. The company uses the straight-line depreciation method. At the beginning Year 3, Your Company spent $18,000 on a major overhaul and increased the expected life by three years. Salvage value became $5,000. What is the annual amount of depreciation expense for each of the remaining years? Round to match my answer if necessary. O $ 8,286 O $11,333 O $ 9,286 O $12,571 O $ 9,714
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