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Business, 07.03.2020 03:31 gnarlyjordan

Able Towing Company purchased a tow truck for $90,000 on January 1, 2012. It was originally depreciated on a straight-line basis over 10 years with an assumed salvage value of $18,000. On December 31, 2014, before adjusting entries had been made, the company decided to change the remaining estimated life to 5 years (including 2014) and the salvage value to $2,500. What was the depreciation expense for 2014?

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Able Towing Company purchased a tow truck for $90,000 on January 1, 2012. It was originally deprecia...
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