On January 1, 2022, Oriole Corporation acquired equipment at a cost of $759000. Oriole adopted the...

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On January 1, 2022, Oriole Corporation acquired equipment at a cost of $759000. Oriole adopted the sum-of-the-years'-digits method of depreciation for this equipment and had been recording depreciation over an estimated life of 8 years, with no residual value. At the beginning of 2025, a decision was made to change to the straight-line method of depreciation for this equipment. Depreciation expense for 2025 would be On January 1, 2022, Oriole Corporation acquired equipment at a cost of $759000. Oriole adopted the sum-of-the-years'-digits method of depreciation for this equipment and had been recording depreciation over an estimated life of 8 years, with no residual value. At the beginning of 2025, a decision was made to change to the straight-line method of depreciation for this equipment. Depreciation expense for 2025 would be

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Heres how to calculate the depreciation expense for 2025 for Oriole Corporations equipment 1 StraightLine Depreciation Rate Since Oriole Corporation ... View the full answer