13 Revision of estimated useful life

On January 1, 2014, Muoy Machining Co. purchased a compressor and related installation equipment for $65,100. The equipment had a three-year estimated life with a $3,900 salvage value. Straight-line depreciation was used. At the beginning of 2016, Muoy revised the expected life of the asset to four years rather than three years. The salvage value was revised to $2,900.

Required

Compute the depreciation expense for each of the four years.

DEPRECIATION EXPENSE

2014

2015

2016

2017