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Equipment costing $105000 with a salvage value of $21000 and an estimated life of 8...

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Accounting

Equipment costing $105000 with a salvage value of $21000 and an estimated life of 8 years has been depreciated using the straight-line method for 2 years. Assuming a revised estimated total life of 6 years and no change in the salvage value, the depreciation expense (rounded) for Year 3 would be

$14000.

$15750.

$21000.

$10500.

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