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On Jamuary 1. 2022, the Cullumber Compary ledger shows Equipment $54,600 and Accumulated Depreciation $20.720. The depreciation resulted trom using the straight-line method with a
On Jamuary 1. 2022, the Cullumber Compary ledger shows Equipment $54,600 and Accumulated Depreciation $20.720. The depreciation resulted trom using the straight-line method with a useful life of 10 vears and a salvage value of $2.800. On this date. the company concludes that the equipment has a remaining useful life of only 4 years with the same salvage value. Compute the revised annual depreciation. The revised annual depreciation
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