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Angela Dams purchases new equipment for $66,000 with an estimated useful (service) life of 6 years and a salvage value of $6,000. The company depreciates
Angela Dams purchases new equipment for $66,000 with an estimated useful (service) life of 6 years and a salvage value of $6,000. The company depreciates the equipment over six years. After two years, the company revises its estimate to total useful life of 8 years, with no change in salvage value. Depreciation for year 3 will be:
Multiple Choice
7,666
10,000
7,500
6,667
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