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Compute the revised depreciation

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Problem - Whispering Winds Corp. purchased a piece of equipment for $64,000. It estimated a 8-year life and $2,560 salvage value. At the end of year 4 (before the depreciation adjustment), it estimated the new total life to be 10 years and the new salvage value to be $5,120. Compute the revised depreciation. Company uses straight-line depreciation method.

Reference no: EM132960810

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