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What is the depreciation expense for this pant asset

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Question - Leman Corporation purchased a plant asset for €300,000 on January 1, 2016. The estimated residual value is €30,000, and the estimated useful life is 9 years. The straight-line method is used for depreciation. On January 1st, 2019 Leman changed its estimates of the useful life to be in total 7 years with a salvage value of €20,000. What is the 2019 depreciation expense for this pant asset based on the new estimate?

Reference no: EM132594700

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