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What is depreciation expense in the year

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Reference no: EM133154116

Question - A machine has a capitalized acquisition cost of $10,000; estimated useful life of 8 years; and salvage value of $1,000.

1. At the end of the 4th year, the company revises the total useful life from 8 years to 10 years. What is depreciation expense in the 5th year?

2. At the end of the 4th year, the company revises the salvage value to $0 (useful life remains 8 years). What is depreciation expense in the 5th year?

Reference no: EM133154116

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