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Marigold company purchased equipment on january 1, 2019 for 86,000 with an estimated salvage value...

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Accounting

Marigold company purchased equipment on january 1, 2019 for 86,000 with an estimated salvage value of 24000 and estimated useful life of 8 years. On january 1, 2021, Marigold decided the equipment will last for 12 years from the date of purchase. The salvage value is still estimated at 24000. using the straight line method the mnew annual depreciation will be

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