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Determine the revised annual depreciation expense

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On January 1, 2017, Blizzards-R-Us purchased a snow-blowing machine for $85,000. The machine was expected to have a residual value of $5,000 at the end of its 5-year useful life. On January 1, 2019, Blizzards-R-Us concluded that the machine would have a remaining useful life of 6 years with a residual value of $800.

Question 1: Determine the revised annual depreciation expense for 2019 using the straight-line method.

Reference no: EM132587213

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