In 2011 due to changes in technology nanki revised the, Ask an Expert

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Nanki Corporation purchased equipment on 1/1/09 for $633,000. In 2009 and 2010, Nanki depreciated the asset on a straight-line basis with an estimated useful life of 8 years and a $5,000 residual value. In 2011, due to changes in technology, Nanki revised the useful life to a total of 4 years with no residual value. What depreciation would Nanki record for the year 2011 on this equipment?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9411662

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