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Business, 27.11.2019 04:31 wytchnia

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:

a. $8,125.00
b. $7,375.00
c. $4,062.50
d. $3,750.00
e. $7,812.50

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The asset's book value is $70,000 on july 1, year 3. on that date, management determines that the as...

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