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Determine the amount of depreciation to be charged

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Reference no: EM131979491

Question - A company used straight-line depreciation for an item of equipment that cost $14,250, had a salvage value of $3,000, and had a five-year useful life. After depreciating the asset for three complete years, the salvage value was reduced to $1,500 and its total useful life was increased from 5 years to 6 years. Determine the amount of depreciation to be charged against the machine during each of the remaining years of its useful life:

$2,000.

$1,250.

$2,550.

$2,125.

$1,867.

Reference no: EM131979491

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