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What is the revised depreciation expense

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Reference no: EM132908727

Problem 1: Oriole Company bought equipment for $420000 on January 1, 2021. Oriole estimated the useful life to be 4 years with no salvage value, and the straight-line method of depreciation will be used. On January 1, 2022, Oriole decides that the business will use the equipment for a total of 6 years. What is the revised depreciation expense for 2022?

$52500.

$63000.

Reference no: EM132908727

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