Sunland Company purchased a depreciable asset for $610,000 on January 1, 2015. The estimated salvage value is
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Sunland Company purchased a depreciable asset for $610,000 on January 1, 2015. The estimated salvage value is $52,000 and the estimated useful life is 9 years. The straight-line method is used for depreciation. In 2018, Sunland changed its estimates to a full useful life of 5 years with a salvage value of $87,000.
What is the 2018 depreciation expense?
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