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What depreciation would kimchi record for the year

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Question - Kimchi Corporation purchased equipment on 1/1/18 for $650,000. In 2018 and 2019, Kimchi depreciated the asset on a straight-line basis with an estimated useful life of eight years and a $10,000 residual value. In 2020, due to changes in technology, Kimchi revised the useful life to a total of six years with no residual value. What depreciation would Kimchi record for the year 2020 on this equipment?

Reference no: EM133128702

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