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Compute depreciation expense for the year ending December

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Question - Jackson Corporation acquired equipment on January 1, 2010, for $320,000. The equipment had an estimated useful life of 10 years and an estimated salvage value of $25,000. On January 1, 2013, Jackson Corporation revised the total useful life of the equipment to 8 years and the estimated salvage value to be $20,000. Compute depreciation expense for the year ending December 31, 2013, if Jackson Corporation uses straight-line depreciation.

Reference no: EM133136041

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