answer part b

11. ABC Co purchased equipment on 1/1/23 for $80,000. It was estimated that it would have an 8 year useful life and a salvage value of $10,000. a. What would depreciation expense be for 2023 and 2024 assuming straight-line depreciation was used? Straigh1ine=ssefullifecostsalerage880,00010,000=870,000=8750 b. Assume that ABC uses straight-line depreciation, and that in 2026 the estimated useful life was revised to 10 years (total), and the salvage value was revised to $2,000. What would be the new depreciation rate for 2026 ? remainingliferemainingdepteciationcost=remaingtifecostsulvageAcc.Dep