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Calculate the amount of depreciation

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Question - The company acquired, on January 1, 2020 equipment costing $60,000 with a salvage value of $12,000 and an estimated life of 10 years has been depreciated using the straight-line method for 2 years. At the beginning of year three, BC Co. revised the total useful life of the machine to 15 years and no change in the salvage value.

Required - Calculate the amount of depreciation for Year #3.

Reference no: EM132894888

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