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A piece of equipment is purchased on 1/1/2009 and booked for $8,000 with a ...

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Accounting

A piece of equipment is purchased on 1/1/2009 and booked for $8,000 with a
salvage value of $500 and a useful life of 7 years. For the first 2 years
double declining balance was used. Starting in year 3, the method
was switched to the straight-line method with the useful life extended to 9 years.
What will be the amount of depreciation recorded in 2011?

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