A restaurant has purchased a new electronic point-of-sale register. With adequate maintenance the machine could last 10

Question:

A restaurant has purchased a new electronic point-of-sale register. With adequate maintenance the machine could last 10 years; however, with the rapid advance of technological improvements, it is expected that a newer register will be purchased within 5 years to replace the unit recently purchased.

For depreciation purposes, what would be the useful life of the machine?
Explain why.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Hospitality Management Accounting

ISBN: 9780471092223

8th Edition

Authors: Martin G Jagels, Michael M Coltman

Question Posted: