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A company used straight-line depreciation for an item of equipment that cost $1.000, had a salvage value of $1,800, and had a 8 year useful
A company used straight-line depreciation for an item of equipment that cost $1.000, had a salvage value of $1,800, and had a 8 year useful life. After depreciating the asset for 2 complete years, the salvage value was reduced to $1,200 and its total useful life was increased from 8 years to 10 years. Determine the amount of depreciation to be charged against the machine during each of the remaining years of its useful life (round depreciation per year to a whole number)
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