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Compute what depreciation would alpha record for the year

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Problem 1: Alpha Corporation purchased equipment on January 1, 2018, for $650,000. In 2018 and 2019, Alpha depreciated the asset on a straight-line basis with an estimated useful life of eight years and a $10,000 residual value. In the beginning of 2020, due to changes in technology, Alpha revised the remaining useful life to four years with no residual value. What depreciation would Alpha record for the year 2020 on this equipment?

Reference no: EM132665081

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