company purchased machinery on january 1, 2019 for 60,000 cash. it has an estimated useful...
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company purchased machinery on january 1, 2019 for 60,000 cash. it has an estimated useful life of 3 years with no residual value and depreciation is calculated using the straight line method During 2021 worldwide determined that the estimated useful life should be revised to a total of 5 years and the residual value changed to 10,000. prepare the entry to record revised depreciation for the tear ended December 31
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