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Brief Exercise 11-7 Stellar Company purchased a computer for $8,560 on January 1, 2016. Straight-line...

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Accounting

Brief Exercise 11-7 Stellar Company purchased a computer for $8,560 on January 1, 2016. Straight-line depreciation is used, based on a 5-year life and a $1,070 salvage value. In 2018, the estimates are revised. Stellar now feels the computer will be used until December 31, 2019, when it can be sold for $535.

Depreciation expense

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