Waterway Corporation purchased a depreciable asset for $837300 on January 1, 2023. The estimated salvage value...
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Waterway Corporation purchased a depreciable asset for $837300 on January 1, 2023. The estimated salvage value is $84000 and the estimated total useful life is 9 years. The straight-line method is used for depreciation. In 2026, Waterway changed its estimates to a total useful life of 5 years with a salvage value of $142000. What is 2026 depreciation expense? Waterway Corporation purchased a depreciable asset for $837300 on January 1, 2023. The estimated salvage value is $84000 and the estimated total useful life is 9 years. The straight-line method is used for depreciation. In 2026, Waterway changed its estimates to a total useful life of 5 years with a salvage value of $142000. What is 2026 depreciation expense?
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Related Book For
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
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