On January 1, 2012, the Eugene Company ledger shows Equipment $36,000 and Accumulated Depreciation $13,600 The depreciation resulted from using the straight line method with a useful life of 10 years and a salvage value of $2,000 On this date, the company concludes that the equipment has a remaining useful life of only 2 years with the same salvage value Compute the revised annual depreciation

Question: On January 1, 2012, the Eugene Company ledger shows Equipment $36,000 and Accumulated Depreciation $13,600. The depreciation resulted from using the straight line method with

On January 1, 2012, the Eugene Company ledger shows Equipment $36,000 and Accumulated Depreciation $13,600. The depreciation resulted from using the straight line method with a useful life of 10 years and a of $2,000. On this date, the company concludes that the equipment has a remaining useful life of only 2 years with the same . Compute the revised annual depreciation.

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