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B Company switched from the sum-of-the-years-digits depreciation method to straight-line depreciation in 2009. The change affects machinery purchased at the beginning of 2007 at a cost of $72,000 with no residual value and an estimated life of five years. In 2009 it is estimated that there is a residual value of $3,600. What is B's 2009 depreciation expense?

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Accounting Basics, Accounting

Category:- Accounting Basics
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