On January $1,$ the Matthews Band pays $$67,600$ for sound equipment. The band estimates it will use this equipment for four years and after four years it can sell the equipment for $$1,000.$ Matthews Band uses straight$-$line depreciation but realizes at the start of the

$5$

second year that this equipment will last only a total of three years. The salvage value is not changed.

points

Compute the revised depreciation for both the second and third years.

$00$:$41$:$40$

eBook

$\backslash$table$[[$Book value at point of revision$],[$Remaining depreciable cost$],[$Depreciation per year for years $2$ and $3]]$

Mint

Print

References