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Buffalo Corporation acquired a machine for $34,000 and has recorded depreciation for two years using the straight-line method over a five-year life and $6,000 residual
Buffalo Corporation acquired a machine for $34,000 and has recorded depreciation for two years using the straight-line method over a five-year life and $6,000 residual value. At the start of the third year of use, Buffalo revised the estimated useful life to a total of 10 years. Estimated residual value declined to $0. How much depreciation should Buffalo record in each of the asset's last eight years (that is, year 3 through year 10), following the revision? O A. $3,400 OB. $2,850 OC. $13,600 OD. Some other amount
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