Question
CullumberLimited purchased a computer for $10,800on January 1, 2020. Straight-line depreciation is used for the computer, based on a five-year life and a $1,000residual value.
CullumberLimited purchased a computer for $10,800on January 1, 2020. Straight-line depreciation is used for the computer, based on a five-year life and a $1,000residual value. In 2022, the estimates are revised.Cullumbernow expects the computer will be used until December 31, 2023, when it can be sold for $550. Calculate the 2022 depreciation expense.
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Intermediate Accounting Volume 1
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
12th Canadian edition
119-49633-5, 1119496497, 1119496330, 978-1119496496
