Question
Coronado Industries purchased a depreciable asset for $ 590000 on January 1, 2015. The estimated salvage value is $ 59000 , and the estimated useful
Coronado Industries purchased a depreciable asset for $590000 on January 1, 2015. The estimated salvage value is $59000, and the estimated useful life is 9 years. The straight-line method is used for depreciation. In 2018, Coronado changed its estimates to a total useful life of 5 years with a salvage value of $99000. What is 2018 depreciation expense?
$157000
$59000
$177000
$86400
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Fundamentals Of Cost Accounting
Authors: William Lanen, Shannon Anderson
2nd Edition
0071332618, 978-0071332613
