North Gate Copy Center purchased a machine on January 1, 2015 for $180,000 and estimated its useful life and salvage value at ten years and $30,000, respectively. Because of a proactive maintenance program, on January 1, 2020, the company added three years to the original useful-life estimate and increased the salvage value to $35,000. If the company uses straight-line depreciation, calculate the correct depreciation expense for 2020.
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North Gate Copy Center purchased a machine on January 1, 2015 for $180,000 and estimated its useful...
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