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On January 1, 2019, JBJ Corp. purchased equipment for $227,000 and began depreciating it over...

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Accounting

On January 1, 2019, JBJ Corp. purchased equipment for $227,000 and began depreciating it over a 8 year useful life with a $29,000 salvage value.

During 2023, JBJ revises the total estimated useful life of the asset to be 12 years, with no assumed salvage value.

How much depreciation expense will JBJ record on the equipment in 2022?

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