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please help!!! 11) Copycat Copy Shop bought equipment for $16,000 on January 1,2023 . Copycat estimated the useful life to be four years with no
please help!!!
11) Copycat Copy Shop bought equipment for $16,000 on January 1,2023 . Copycat estimated the useful life to be four years with no residual value, and the straight-line method of depreciation was used. On December 31,2024, prior to recording depreciation for that year, Copycat decides that the business will use the equipment for a total of five years. What is the depreciation expense for 2024 ? a) $6,000 b) $2,400 c) $3,000 d) $4,500 Step by Step Solution
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