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Assuming the company uses the straight-line method the

Question - Renewable Energies, Inc. (REI) paid $100,000 to purchase a windmill. The windmill was expected to have an 8 year useful life and a $20,000 salvage value. At the beginning of the fifth year of operation, REI changed the estimated useful life from 8 years to 14 years. Assuming the Company uses the straight-line method, the amount of accumulated depreciation on the Year 6 balance sheet would be

$40,000

$44,000.

$48,000.

$60,000.

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Accounting Basics: Assuming the company uses the straight-line method the

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Accounting Basics: Assuming the company uses the straight-line method the

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