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On January 1, 2019, Sheridan Corporation acquired equipment at a cost of 5885000 . Sheridan...

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Accounting

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On January 1, 2019, Sheridan Corporation acquired equipment at a cost of 5885000 . Sheridan adopted the sum-of-therevars 6 gits method of depreciation for this equipment and had been recording depreciation over an estimated life of B years aith no resiotial value. At the beginning of 2022, a decision was made to change to the straight-line method of depreciation for this eavionsert The depreciation expense for 2022 would be $110625. $46094. $73750. $177000. Atempts: of 1 used On January 1, 2019, Sheridan Corporation acquired machinery at a cost of $1215000. Sheridan adopted the double-declining balance method of depreciation for this machinery and had been recording depreciation over an estimated useful life of ten years, with no residual value. At the beginning of 2022, a decision was made to change to the straight-line method of depreciation for the machinery The depreciation expense for 2022 would be $173571.$88869.$121500$62208. Attempts: 0 of 1 used

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