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Ron's Quik Shop bought machinery for $125,000 on January 1, 2019. Ron estimated the useful life to be 5 years with no re
Posted: Mon Apr 25, 2022 7:29 am
by answerhappygod
- Ron S Quik Shop Bought Machinery For 125 000 On January 1 2019 Ron Estimated The Useful Life To Be 5 Years With No Re 1 (12.3 KiB) Viewed 18 times
Ron's Quik Shop bought machinery for $125,000 on January 1, 2019. Ron estimated the useful life to be 5 years with no residual value, and the straight-line method of depreciation will be used. On January 1, 2020, Ron decides that the business will use the machinery for a total of 6 years. What is the revised depreciation expense for 2020? $16,667 O $10.000 . $25,000 $20,000