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Equipment costing $40000 with a salvage value of $8000 and an estimated life of 8 years has been depreciated using the straight line method for 2 years. Assuming a revised estimated total life of 6 years and no change in the salvage value, the depreciation expense for the 3rd year would be?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9952696

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