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Equipment was acquired on January 1, 2018 at a cost of $79,800. The equipment was originally estimated to have a salvage value $5,150 and an
Equipment was acquired on January 1, 2018 at a cost of $79,800. The equipment was originally estimated to have a salvage value $5,150 and an estimated life of 10 years. Depreciation has been recorded through December 31, 2021 using the straight-line method. On January 1, 2022, the estimated salvage value was revised to $7,500 and the useful life was revised to a total of 9 year Determine the depreciation expense for 2022. (Round answer to O decimal place, e.g. 1500.) Depreciation expense for 2022 $ $
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