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Business, 21.12.2019 07:31 golffuture666

On january 1, jamaica company purchased equipment for $18,000. the estimated salvage value is $2,000 and the estimated useful life is 5 years. on december 31 of the third year, before adjusting entries have been made, the company decided to extend the estimated useful life of the equipment by one year giving it a total life of 6 years. the company did not change the salvage value and continues to use the straight-line method. what is the depreciation expense for the third year?

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On january 1, jamaica company purchased equipment for $18,000. the estimated salvage value is $2,000...
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