Business, 30.10.2020 17:00 marcy2215

Novak Corp. purchased a piece of equipment for $52,000. It estimated a 8-year life and $2,080 salvage value. At the end of year 4 (before the depreciation adjustment), it estimated the new total life to be 10 years and the new salvage value to be $4,160. Compute the revised depreciation. Company uses straight-line depreciation method. (Round answer to 0 decimal places, e. g. 125.)

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Novak Corp. purchased a piece of equipment for $52,000. It estimated a 8-year life and $2,080 salvag...

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