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September 22, 2014

Homework Help: Straight-line Depreciation

Posted by Peaches on Thursday, December 3, 2009 at 12:26pm.

Please how do i calculate this problem. An asset was purchased for $150,000. It had an estimated salvage value of $30,000 and an estimated useful life of 10 years. After 5 years of use, the estimated salvage value is revised to $24,000 but the estimated useful life is unchanged. Assuming straight-line depreciation, depreciation expense in 6 years would be?

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