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Maziar rebuilt his welding machine with an original cost of

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Maziar rebuilt his welding machine with an original cost of $12,000 (no salvage expected) on the first day of the fifth year of a six year estimated life. Maziar uses the straight-line depreciation method for simplicity purposes. The rebuilding cost $1,400 and will extend the life of the welding machine to a seventh year with no salvage. What is the depreciation in year 5?

Reference no: EM13598262

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