Problema machine was purchased for 100000 on january 1 2004, Ask an Expert

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A machine was purchased for $100,000 on January 1, 2004. It was estimated to have no salvage value and an estimated useful life of 10 years. On January 1, 2005, the estimated useful life was changed from 10 to 6 years. The company uses straight-line depreciation. What is the depreciation expense for 2005?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92747249

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