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Chambers plc purchased a piece of equipment for 36,000. It estimated a 6-year life and 6,000 residual value. Thus, straight-line depreciation 5,000 per year. At
Chambers plc purchased a piece of equipment for 36,000. It estimated a 6-year life and 6,000 residual value. Thus, straight-line depreciation 5,000 per year. At the end of year three (before the depreciation adjustment), it estimated the new total life to be 10 years and the new residual value to be 2,000. What will be the revised depreciation?
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