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8 Pigwidgeon Corporation purchased flying equipment on January 1, 2019, for $296,000. In 2019 and 2020, Pigwidgeon depreciated the asset on a straight-line basis with
8 Pigwidgeon Corporation purchased flying equipment on January 1, 2019, for $296,000. In 2019 and 2020, Pigwidgeon depreciated the asset on a straight-line basis with an estimated useful life of five years and a $86,000 residual value. In 2021, due to changes in technology. Pigwidgeon revised the residual value to $32,000 but still plans to use the equipment for the full five years. What depreciation would Pigwidgeon record for the year 2021 on this equipment? Numeric Response ook
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