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Fordon Corporation purchased a piece of equipment for $50,000. It estimated a8-year life and $2,000salvage value. At the end of year4(before the depreciation adjustment), it
Fordon Corporation purchased a piece of equipment for $50,000. It estimated a8-year life and $2,000salvage value. At the end of year4(before the depreciation adjustment), it estimated the new total life to be10years and the new salvage value to be $4,000.
Compute the revised depreciation. Company uses straight-line depreciation method. (Round answer to 0 decimal places, e.g. 125.)
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