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Yuan Inc purchased a new machine on January 1, 2011. Relevant information is as follows: Cost when acquired $26,000 Estimated residual value 2,000 Estimated useful
Yuan Inc purchased a new machine on January 1, 2011.
Relevant information is as follows:
Cost when acquired | $26,000 |
Estimated residual value | 2,000 |
Estimated useful life | 10 years |
It is now the beginning of year 6 and the management reevaluated the estimates related to the machine. Compute the depreciation expense for year 6 with the information that the estimated total useful life is changed to 15 years; residual value is unchanged. (Fill in number only)
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