Question: Class example: A machine acquired for $60,000; salvage value of $10,000 and useful life for 5 years has been depreciated for two years using the

Class example: A machine acquired for $60,000; salvage value of $10,000 and useful life for 5 years has been depreciated for two years using the straight line method. After depreciating the machine for 2 years the company determines that the machine will remain useful for another 4 years. Compute the revised depreciation charges.

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