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Broadway Ltd. purchased equipment on January 1, 2016, for $600,000, estimating a 6-year useful life and no residual value. In 2016 and 2017, Broadway depreciated
Broadway Ltd. purchased equipment on January 1, 2016, for $600,000, estimating a 6-year useful life and no residual value. In 2016 and 2017, Broadway depreciated the asset using the straight-line method. In 2018, Broadway changed to sum-of-years'-digits depreciation for this equipment. What depreciation would Broadway record for the year 2018 on this equipment? (Do not round your depreciation rate.)
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