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Concord Corporation purchased a piece of equipment for $57,100. It estimated a 7-year life and $2,900 salvage value. At the end of year 4 (before
Concord Corporation purchased a piece of equipment for $57,100. It estimated a 7-year life and $2,900 salvage value. At the end of year 4 (before the depreciation adjustment), it estimated the new total life to be 9 years and the new salvage value to be $5,600. Compute the revised depreciation. Company uses straight-line depreciation method. (Round answer to 0 decimal places, e.g. 125.)
What is the revised depreciation? |
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