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Ayayai Corp. purchased a piece of equipment for $76,000. It estimated a 8 year life and $3,040 salvage value. At the end of year
Ayayai Corp. purchased a piece of equipment for $76,000. It estimated a 8 year life and $3,040 salvage value. At the end of year 4 (before the depreciation adjustment), it estimated the new total life to be 10 years and the new salvage value to be $6,080. Compute the revised depreciation. Company uses straight-line depreciation method. (Round answer to O decimal places, e.g. 125.)
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