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Home Q & A Board Other Fields Homework Help Business Accounting
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bravata bravata
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7 years ago
Leo's Lawncare purchased equipment on January 1. The cost was $15,000, and the equipment had a residual value of $4,000. The equipment was given a useful life of 7 years. After the end of two years, it was determined that the equipment would be obsolete in 3 more years and the residual value would still be $4,000. What will be the depreciation under the straight-line method to the nearest dollar be for the third year?
A) $1,571
B) $2,619
C) $3,142
D) $7,857
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Financial Accounting

Financial Accounting


Edition: 3rd
Authors:
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largerthanlifelargerthanlife
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7 years ago
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bravata Author
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7 years ago
This site is awesome
annakc
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Yesterday
Thanks for your help!!
hpascoe
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2 hours ago
Brilliant ツ
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