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humphrey contractor purchased a customized equipment in jan 1, 2017 for 620,000. the manufacturer warranted the equipment for six years. Humphrey used double-declining balance depreciation
humphrey contractor purchased a customized equipment in jan 1, 2017 for 620,000. the manufacturer warranted the equipment for six years. Humphrey used double-declining balance depreciation with a useful life of eight years and no salvage value. After two full years, he now believes that the equipment will only last a total of five years. Compute his depreciation expense for 2019 if he switches to straight-line depreciation.
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