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Equipment with a cost of $80,989.00, an estimated residual value of $6,709.00, and an estimated...

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Accounting

Equipment with a cost of $80,989.00, an estimated residual value of $6,709.00, and an estimated life of 13 years was depreciated by the straight-line method for 6 years. Due to obsolescence, it was determined that the remaining useful life should be shortened by 3 years and the residual value changed to zero. The depreciation expense for the current and future years is

Select the correct answer.

$11,676.48

$5,189.55

$3,592.76

$34,283.08

Answer & Explanation Solved by verified expert
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