state-of-the-art digital imaging equipment purchased 2 years ago for $50,000 had an expected useful life of and a $5000 salvage value.

11.26 State-of-the art digital imaging equipment pur- chased 2 years ago for $50,000 had an expected useful life of 5 years and a $5000 salvage value. After its installation the performance was poor, and it was upgraded for $20,000 one year ago. Increased demand now requires another upgrade for an additional $22,000 so that it can be used