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Pinewood corporation purchased a piece of equipment for

Question - Pinewood Corporation purchased a piece of equipment for $67,500. It estimated an 8-year life and a $1,100 salvage value. At the end of year four (before the depreciation adjustment), it estimated the new total life to be 10 years and the new salvage value to be $25,100.

Compute the revised depreciation.

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Accounting Basics: Pinewood corporation purchased a piece of equipment for

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