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Marigold Towing Company purchased a tow truck for $186000 on January 1, 2020. It was originally depreciated on a straight-line basis over 10 years with
Marigold Towing Company purchased a tow truck for $186000 on January 1, 2020. It was originally depreciated on a straight-line basis over 10 years with an assumed salvage value of $33000. On December 31, 2022, before adjusting entries had been made, the company decided to change the remaining estimated life to 4 years (including 2022) and the salvage value to $6000. What was the depreciation expense for 2022? O $37350. O $16500. O $46500. O $13200
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