INTERMEDIATE ACCOUNTING
INTERMEDIATE ACCOUNTING
3rd Edition
ISBN: 9780136946694
Author: GORDON
Publisher: RENT PEARS
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Chapter 21, Problem 21.5MC
To determine

The correct option.

Given information:

Cost of asset is $600,000

Estimated useful life is 6 years.

Depreciation is charged on SLM.

Revised useful life in the beginning of year 4 is 8 years.

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