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Business, 03.12.2019 21:31 leahk0876

The peridot company purchased machinery on january 2, 2016, for $800,000. a five-year life was estimated and no residual value was anticipated. peridot decided to use the straight-line depreciation method and recorded $160,000 in depreciation in 2016 and 2017. early in 2018, the company revised the total estimated life of the machinery to eight years. required: 1. what type of change is this? 3. determine depreciation for 2018.

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The peridot company purchased machinery on january 2, 2016, for $800,000. a five-year life was estim...
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