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15 March, 13:18

Jack's Copy Shop bought equipment for $150,000 on January 1, 2013. Jack estimated the useful life to be 3 years with no salvage value, and the straight-line method of depreciation will be used. On January 1, 2014, Jack decides that the business will use the equipment for a total of 5 years. What is the revised depreciation expense for 2014?

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  1. 15 March, 16:35
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    What is the revised depreciation expense for 2014?

    $25000

    Explanation:

    Cost Yearly Dep NBV

    2013 150000 3 50000 100000

    2014 100000 4 25000 75000

    2015 75000 4 25000 50000

    2016 50000 4 25000 25000

    2017 25000 4 25000 0
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