A manufacturer of smartphones purchased a robot to assist with assembly on January 1, Year...
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Accounting
A manufacturer of smartphones purchased a robot to assist with assembly on January 1, Year 1, for $400,000. The robot has an estimated life of six years and no salvage value. The company uses the sum-of-years'-digits method for depreciation. If the company makes only one entry for depreciation at year-end, what would that entry be for Year 3?
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