chapter 9 question 7 part c

Compute the revised annual depreciation on December 31, 2025 Revised annual depreciation On July 1,2022, Sheridan Company purchased new equipment for $91,200. Its estimated useful life was 7 years with a $11,400 salvage value. On January 1,2025 , the company estimated that the equipment's remaining useful life was 10 years, with a revised salvage value of $5,700