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Pedro company has $27000 of machinery being depreciated over 5 years .The estimated residual value is $6400.After taking 2 years depreciation , Pedro realizes the
Pedro company has $27000 of machinery being depreciated over 5 years .The estimated residual value is $6400.After taking 2 years depreciation , Pedro realizes the equipment is clearly going to last another 4 years and the estimated residual value remains unchanged.
- What depreciation expense will Pedro record in year 2 when using the straight line method ?
- What depreciation expense will Pedro record in year 3 when using the straight line method ?
- What depreciation expense will Pedro record in year 2 when using the declining balance method ?
- What depreciation expense Pedro record in year 3 when using the declining balance method ?
- What depreciation expense Pedro record in the year 2 when using the double declining balance method ?
- What depreciation expense Pedro record in the year 3 when using the double declining balance method ?
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