Question
A company purchased a tow truck for $180,000 on January 1, 2020. At January 1, 2022 it had accumulated depreciation of $28,800. On January 1,
A company purchased a tow truck for $180,000 on January 1, 2020. At January 1, 2022 it had accumulated depreciation of $28,800. On January 1, 2022, the company decided to change the remaining estimated life to four years and the salvage value to $5,000. What is the depreciation expense for 2022?
- $18,000
- $14,400
- $45,000
- $36,550
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Management Control Systems Performance Measurement Evaluation And Incentives
Authors: Kenneth Merchant, Wim Van Der Stede
4th Edition
1292110554, 978-1292110554
