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Cheyenne Company purchased a computer for $9,600 on January 1, 2016. Straight-line depreciation is used, based on a 5-year life and a $1,200 salvage value.
Cheyenne Company purchased a computer for $9,600 on January 1, 2016. Straight-line depreciation is used, based on a 5-year life and a $1,200 salvage value. In 2018, the estimates are revised. Cheyenne now feels the computer will be used until December 31, 2019, when it can be sold for $600. Compute the 2018 depreciation. (Round answer to 0 decimal places, e.g. 45,892.)
Depreciation expense, 2018 |
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