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The December 31, 2017 balance sheet of Jensen Company showed Equipment of $76,000 and Accumulated Depreciation of $18,000. On January 1, 2018, the company decided

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The December 31, 2017 balance sheet of Jensen Company showed Equipment of $76,000 and Accumulated Depreciation of $18,000. On January 1, 2018, the company decided that the equipment has a remaining useful life of 6 years with a $4,000 salvage value Compute the depreciable cost of the equipment. Depreciable cost $ Compute the revised annual depreciation Revised annual depreciation $

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