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Machinery purchased for $ 6 0 6 0 0 by crane co in 2 0 2 1 was originally estimated to have a life of

Machinery purchased for $60600 by crane co in 2021 was originally estimated to have a life of 8 years with a salvage value of $4040 at the end of that time. depreciation has been entered for 5 years on this basis. in 2021, it is determined that the total estimated life should be 10 years with a salvage value of $4545 at the end of that time. assume straight line depreciation.

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