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On January 1, 2019, JBJ Corp. purchased equipment for $455,000 and began depreciating it over a 8 year useful life with a $29,000 salvage value.

On January 1, 2019, JBJ Corp. purchased equipment for $455,000 and
began depreciating it over a 8 year useful life with a $29,000 salvage value.
During 2023, JBJ revises the total estimated useful life of the asset to be 15
years, with no assumed salvage value.
How much depreciation expense will BJ record on the equipment in 2022? image text in transcribed
On January 1, 2019, JBJ Corp. purchased equipment for $455,000 and began depreciating it over a 8 year useful life with a $29,000 salvage value. During 2023, JBJ revises the total estimated useful life of the asset to be 15 years, with no assumed salvage value. How much depreciation expense will JBJ record on the equipment in 2022

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