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Calculate amount of depreciation expense recorded

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Southwest Airlines sold ?ight equipment for $12 million cash at the end of its 17'11 year of use. The ?ight equipment originally cost $27 million and was depreciated using the straight-line method with zero residual value and a useful life of27 years.

1. Calculate the amount of depreciation expense recorded at the end of the 17'"1 year to bring depreciation up to date.

2. After updating the deprecation, what is the equipment's book value at the end of the 17'" year?

Reference no: EM133306884

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