Wildhorse Co. purchased a piece of equipment for $72,000. It estimated a 8-year life and a $2,400 salvage value. At the end of year four (before the depreciation adjustment), it estimated the new total life to be 10 years and the new salvage value to be $4,600. Compute the revised depreciation assuming Wildhorse uses the straight-line method.

Revised annual depreciation

$enter the revised annual depreciation in dollars

Wildhorse Co. purchased a piece of equipment for $72,000. It estimated a 8-year life and a $2,400 salvage value. At the end of year four (before the depreciation adjustment), it estimated the new total life to be 10 years and the new salvage value to be $4,600. Compute the revised depreciation assuming Wildhorse uses the straight-line method. Revised annual depreciation $ Save for Later Submit Answer Attempts: 0 of 1 used