Assume Southern Copper Corporation (SCCO) acquired mining equipment for $100,000 cash
on January 1, 2018. The equipment had an expected useful life of four years and zero salvage
value. SCCO calculates depreciation using the straight-line method over the remaining expected
useful life in all cases. On December 31, 2018, after recognizing depreciation for the year, SCCO Be 5
learns that new equipment now offered on the market makes the purchased equipment
lpraent on hari 31, 2018 redecting this
partially obsolete. The
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