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What is the revised depreciation expense

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Problem 1: Oriole Company bought equipment for $290000 on January 1, 2016. Oriole estimated the useful life to be 5 years with no salvage value, and the straight-line method of depreciation will be used. On January 1, 2017, Oriole decides that the business will use the equipment for a total of 6 years. What is the revised depreciation expense for 2017?

Reference no: EM132680174

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