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(d) On January 1,...

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Accounting

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(d) On January 1, 2017 (i.e., after having the truck for 2 years), Green Thumb Plant Nursery reevaluates the useful life of the truck. Management extends the total useful life by 3 years (to a total useful life of 9 years), but now estimates that the truck will have no salvage value at the end of this time. How much depreciation expense would be recorded for each year going forward, beginning with fiscal year 2017

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