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Wildhorse Company purchased a hot tub for $11,790 on January 1, 2016. Straight-line depreciation is used, based on a 6-year life and a $1,890 salvage
Wildhorse Company purchased a hot tub for $11,790 on January 1, 2016. Straight-line depreciation is used, based on a 6-year life and a $1,890 salvage value. In 2018, the estimates are revised. Wildhorse now feels the hot tub will be used until December 31, 2020, when it can be sold for $885. Compute the 2018 depreciation.
Depreciation expense, 2018 $enter the Depreciation expense 2018 in dollars
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