On January 1,2018, Sunland Corp. purchased a machine for $889000. The machine was being depreciated...

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Accounting

On January 1,2018, Sunland Corp. purchased a machine for $889000. The machine was being depreciated using the straight-line
method over an estimated useful life of eight years, with a $65000 residual value. At the beginning of 2023, the company determined
that the machine's useful life was underestimated, it should have been 10 years; however, this would result in $0 residual value. The
depreciation expense for 2023 should be
$74800.
$66675.
$88900.
$87800.
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