Tops Co. purchases equipment for $12,000 and has been using straight-line depreciation estimating a 5-year...
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Accounting
Tops Co. purchases equipment for $12,000 and has been using straight-line depreciation estimating a 5-year life and $500 salvage value. At the beginning of the third year, Tops decides to use the equipment for a total of 6-years with no salvage value. Compute the revised depreciation for the third year
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