On January 1, 2019, Maria Corp. purchased equipment for $498,000 and began depreciating it over...
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Accounting
On January 1, 2019, Maria Corp. purchased equipment for $498,000 and began depreciating it over a 10-year useful life and the $15,000 salvage value.
During 2022, Maria revises the total estimated useful life of the asset to be 6 years, with no assumed salvage value.
How much depreciation expense will Maria record on the equipment in 2022?
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