Question
Bonita Industries purchased a depreciable asset for $575000 on January 1, 2018. The estimated salvage value is $62000, and the estimated useful life is 9
Bonita Industries purchased a depreciable asset for $575000 on January 1, 2018. The estimated salvage value is $62000, and the estimated useful life is 9 years. The straight-line method is used for depreciation. In 2021, Bonita changed its estimates to a total useful life of 5 years with a salvage value of $99000. What is 2021 depreciation expense?
$57000
$152500
$171000
$82800
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Accounting Fraud, Maneuvering And Manipulation, Past And Present
Authors: Gary Giroux
2nd Edition
1947098748, 9781947098749
