In january 2013 neville estimates that the machinery will

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Neville Company bought machinery on January 1, 2010 at a cost of $400,000. The machinery had an estimated life of 8 years and salvage value of $20,000. In January 2013, Neville estimates that the machinery will have a life of only 4 more years and an $18,000 salvage value. Norton uses straight-line depreciation. Compute the revised annual depreciation.

Reference no: EM13391100

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