Hudson Company paid $25,000 for office furniture. The company expected it to remain in service for six

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Hudson Company paid $25,000 for office furniture. The company expected it to remain in service for six years and to have a $1,000 residual value. After two years' use, company accountants believe the furniture will last for the next seven years. How much amortization will Hudson record for each of these last seven years, assuming straight-line amortization and no change in the estimated residual value?
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Horngrens Accounting

ISBN: 978-0133855371

10th Canadian edition Volume 1

Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood

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