Question
Equipment costing $105000 with a salvage value of $21000 and an estimated life of 8 years has been depreciated using the straight-line method for 2
Equipment costing $105000 with a salvage value of $21000 and an estimated life of 8 years has been depreciated using the straight-line method for 2 years. Assuming a revised estimated total life of 6 years and no change in the salvage value, the depreciation expense (rounded) for Year 3 would be
|
| $14000. |
|
| $15750. |
|
| $21000. |
|
| $10500. |
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Financial Accounting Information For Decisions
Authors: Robert W. Ingram, Bruce Baldwin
4th Edition
0324069545, 978-0324069549
