Depreciation is the process of allocation of the cost of long-lived assets to expense during the accounting periods during which it was used. Depreciation reflects the cost of using assets. It does not measure the decline in market value. The revised depreciation for the second and third years.

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Chapter 8, Problem 10QS

To determine

Concept Introduction: Depreciation is the process of allocation of the cost of long-lived assets to expense during the accounting periods during which it was used. Depreciation reflects the cost of using assets. It does not measure the decline in market value.

The revised depreciation for the second and third years.

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