What depreciation would june record for the year

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Problem - June Corporation purchased equipment on 1I1X20 for $650,000. In 2020 and 2021, June depreciated the asset on a straight-line basis with an estimated useful life of 8 years and a $10,000 residual value. In 2022, due to changes in technology, June revised the useful life to a total of six years with no residual value. What depreciation would June record for the year 2022 on this equipment?

Reference no: EM132938134

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