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An asset that cost $13,200 with a residual value of $1,200 and a useful life...

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Accounting

An asset that cost $13,200 with a residual value of $1,200 and a useful life of 10 years was amortized for three years using the straight-line method. In the fourth year, residual value was estimated to be $1,000 and the remaining useful life, 8 years. Depreciation in the fourth year would be..?

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