(Answered) Question - rydell company acquired machinery on january 2

Accounting

Question - Rydell Company acquired machinery on January 2, 2004, paying $480,000, and began depreciating it under the straight-line method with an estimated life of twenty years and no salvage value. On January 1, 2014, Rydell Company estimated that the remaining life of the machinery is 5 years with a salvage value of $2,000. What will the depreciation expense be in 2014?

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