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What will the amount of depreciation expense in year five be

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Problem 1: A machine with an original cost of $120,000 and no salvage value had an estimated useful life of 6 years, but after 4 complete years, it was decided that the original estimate of useful life should have been 8 years. Assuming the company uses straight-line depreciation, what will the amount of depreciation expense in year 5 be?

Reference no: EM132814904

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