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Best Goods Companypurchased a piece of equipment for $38,000. It estimated a8-year life and $1,520salvage value. At the end of year4(before the depreciation adjustment), it
Best Goods Companypurchased a piece of equipment for $38,000. It estimated a8-year life and $1,520salvage value. At the end of year4(before the depreciation adjustment), it estimated the new total life to be10years and the new salvage value to be $3,040.
How can I compute the revised depreciation if Best Goods Company uses straight-line depreciation method.
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