Marigold Corp. purchased a depreciable asset for $617000 on January 1, 2018. The estimated salvage...
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Marigold Corp. purchased a depreciable asset for $617000 on January 1, 2018. The estimated salvage value is $59000, and the estimated useful life is 9 years. The straight-line method is used for depreciation. In 2021, Marigold changed its estimates to a total useful life of 5 years with a salvage value of $96000. What is 2021 depreciation expense?
$62000
$186000
$92400
$167500
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