ABC Company purchased an equipment for $36,000. It estimated a 6-years useful life and a salvage value of $6,000 The company used the Straight-Line Method. At the end of the third (3rd) year, the company estimated a new total life to be 10-years. Also, estimated a new salvage value to be $2,000. Actions to take: 1. - Compute the original depreciable cost= 36,000 - 6,000= 30,000 - depreciation expense 6 YEARS = 5,000 - accumulated depreciation. 2. Compute the new revised depreciable cost, depreciation expense and accumulated depreciation