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Sunshine company purchased equipment for 100000 in 2012

Question - Sunshine Company purchased equipment for $100,000 in 2012. The machinery originally had an estimated life of 8 years and a salvage value of $10,000. Sunshine used the straight-line depreciation method. In 2016, the estimated life was changed to 11 years. If applicable, round all answers to the nearest whole dollar.

What is the annual depreciation expense for 2016?

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Accounting Basics: Sunshine company purchased equipment for 100000 in 2012

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Accounting Basics: Sunshine company purchased equipment for 100000 in 2012

Reference No:- TGS02932658

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