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Coronado company purchased equipment on january 1, 2019 for 77000 with an estimated salvage value...

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Accounting

Coronado company purchased equipment on january 1, 2019 for 77000 with an estimated salvage value of 17000 and estimated useful life of 8 yyears. On january 1, 2021, coronado decided equipment will last 12 years from the date of purchase. the salvage value is still estimated at 17000. Using the straight-line method the new annual deoreciation will be:

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