Corporation acquired a machine for $33,000 and has recorded depreciation for two years using the...
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Accounting
Corporation acquired a machine for $33,000 and has recorded depreciation for two years using the straight-line method over a five-year life and $1,000 residual value. At the start of the third year of use, Tulsa revised the estimated useful life to a total of 10 years. Estimated residual value declined to $0. How much depreciation should Tulsa record in each of the asset's last eight years (that is, year 3 through year 10), following the revision?
A. 2,525
B. 13,200
C. 3,300
D. Some other amount
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