Question
A company purchased a machine on January 1, 2019. Cost $230,000 Residual value 20,000 Useful life 5 years Depreciation method: straight-line On January 1, 2021,
A company purchased a machine on January 1, 2019.
Cost $230,000 Residual value 20,000 Useful life 5 years Depreciation method: straight-line
On January 1, 2021, the estimate of useful life was changed to a total of 10 years, and the estimate of residual value was changed to $10,000. How much depreciation expense will be recorded in the adjusting entry on December 31, 2021?
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Organizing Smart Buildings And CitiesPromoting Innovation And Participation
Authors: Elisabetta Magnaghi, Véronique Flambard, Daniela Mancini, Julie Jacques, Nicolas Gouvy
10th Edition
3030606066, 9783030606060
