Solution-What amount should born record for depreciation

What amount should born record for depreciation expense

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Question - Born Company purchased a machine for $200,000 on January 1,2015. Born depreciates machines on this type by the straight-line method over 10-years period with the residual value of $20,000. Due to a change in sales patterns, on January 1,2018 management determines the useful life of the machine to be a total of 7 years. What amount should Born record for depreciation expense for 2018?

Reference no: EM133182588

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What amount should born record for depreciation expense

Reference no: EM133182588

Reference no: EM133182588

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