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Marigold Corp.purchased a piece of equipment for $73,700. It estimated an 8-year life and $1,700 salvage value. At the end of year four (before the
Marigold Corp.purchased a piece of equipment for $73,700. It estimated an 8-year life and $1,700 salvage value. At the end of year four (before the depreciation adjustment), it estimated the new total life to be 10 years and the new salvage value to be $6,100. Compute the revised depreciation assuming Marigold uses the straight-line method. Revised annual depreciation $
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