Equipment costing $70,000 with a salvage value of $14,000 and an estimated life of 8 years has been depreciated using the straight-line method for 2 years. assuming a revised estimated total life of 6 years and no change in the salvage value, the depreciation expense for year 3 would be
a. $10,500.
b. $9,333.
c. $14,000.
d. $7,000.
Answers: 3
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Equipment costing $70,000 with a salvage value of $14,000 and an estimated life of 8 years has been...
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