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Prepare buffalo entry to record depreciation expense

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Reference no: EM132119537

Question - Buffalo Company purchased a computer system for $87,300 on January 1, 2016. It was depreciated based on a 8-year life and an $19,700 salvage value. On January 1, 2018, Buffalo revised these estimates to a total useful life of 4 years and a salvage value of $9,100. Buffalo uses straight-line depreciation.

Prepare Buffalo's entry to record 2018 depreciation expense.

Reference no: EM132119537

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