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Business, 04.12.2019 02:31 natu2072

Machinery purchased for $50,000 by tom brady co. in 2010 was originally estimated to have a life of 10 years with a salvage value of $5,000 at the end of that time. depreciation has been entered for 6 years on this basis. in 2016, it is determined that the total estimated life should be 12 years with a salvage value of $2,500 at the end of that time. assume straight-line depreciation. determine the depreciation expense for 2016.

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