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Carter Company purchased machinery on January 1, 2017 for $800,000, which it depreciated under the straight-line method with an estimated useful life of ten years
Carter Company purchased machinery on January 1, 2017 for $800,000, which it depreciated under the straight-line method with an estimated useful life of ten years and a $100,000 salvage value. On January 1, 2019, Carter decided to change their estimate of the salvage value of the machinery to $50,000. How much depreciation expense should Carter Company record in 2019? If necessary, round your answer to the nearest dollar. Do not use dollar signs or decimals
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