Change in Depreciation Estimate A company purchased an asset on January 1, 2008, for $10,000. The asset
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Change in Depreciation Estimate A company purchased an asset on January 1, 2008, for $10,000. The asset was expected to have a ten-year life and a $1,000 salvage value. The company uses the straight-line method of depreciation. On January 1, 2010, the company determines that the asset will last only fi ve more years.
Calculate the amount of depreciation for 2010.
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Using Financial Accounting Information The Alternative To Debits And Credits
ISBN: 9780538452748
7th Edition
Authors: Curtis L. Norton, Gary A. Porter
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