Chen Corporation purchased equipment on January 1, year 1, for $100,000. The equipment...
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Accounting
Chen Corporation purchased equipment on January year for $ The equipment was depreciated using the unitsofoutput method. During years and respectively, Chen recorded depreciation expense of $ and $ During year Chen changed to the straightline depreciation metlYod and estimated that the equipment had a remaining useful life of years and no residual value. What is the depreciation expense Chen should report during year
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$
$
$
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