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Business, 01.10.2019 20:00 muncyemily

The following information is available on a depreciable asset owned by mutual savings bank: purchase date july 1, year 1 purchase price $85,000 salvage value $10,000 useful life 10 years depreciation method straight-line the asset's book value is $70,000 on july 1, year 3. on that date, management determines that the asset's salvage value should be $5,000 rather than the original estimate of $10,000. based on this information, the amount of depreciation expense the company should recognize during the last six months of year 3 would be:

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The following information is available on a depreciable asset owned by mutual savings bank: purchas...
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