In 2013 fanestill changed its estimates to a useful life, Ask an Expert

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Fanell Corporation purchased a depreciable asset for $630,000 on January 1, 2010. The estimated salvage value is $63,000, and the estimated total useful life is 9 years. The straight-line method is used for depreciation. In 2013, Fanestill changed its estimates to a useful life of 5 years with a salvage value of $105,000. What is 2013 depreciation expense?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9405884

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