Question
Wildhorse Co. bought equipment for $130000 on January 1, 2016. Wildhorse estimated the useful life to be 10 years with no salvage value, and the
Wildhorse Co. bought equipment for $130000 on January 1, 2016. Wildhorse estimated the useful life to be 10 years with no salvage value, and the straight-line method of depreciation will be used. On January 1, 2017, Wildhorse decides that the business will use the equipment for a total of 11 years. What is the revised depreciation expense for 2017?
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Accounting for Governmental and Nonprofit Entities
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
18th edition
1260190080, 1260190083, 978-1259917059
