Equipment with a cost of $72,826, an estimated residual value of $5,579, and an estimated...
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Accounting
Equipment with a cost of $72,826, an estimated residual value of $5,579, and an estimated life of 12 years was depreciated by the straight-line method for 6 years. Due to obsolescence, it was determined that the remaining useful life should be shortened by 3 years and the residual value changed to zero. The depreciation expense for the current and future years is
a. $33,623.50
b. $3,266.88
c. $4,355.83
d. $13,067.50
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