Question
On January 1, 2010, the RobinsonRobinson Beer Corporation purchased equipment at a cost of $ 190 comma 000$190,000. It was expected to have a useful
On January 1, 2010, the
RobinsonRobinson
Beer Corporation purchased equipment at a cost of
$ 190 comma 000$190,000.
It was expected to have a useful life of eight years and no salvage value. The straight-line depreciation method was used. In January 2012, the estimate of salvage value was revised for $0 to $7,200.How much depreciation should Robinson Beer Corporation record for 2012?
How much depreciation should Robinson Beer Corporation record for 2012?
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| = | Revised annual depreciation |
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Auditing & Assurance Services
Authors: Timothy Louwers, Penelope Bagley, Allen Blay, Jerry Strawser, Jay Thibodeau
8th Edition
978-1260703733, 1260703738
