Bridgeport Corp. purchased a piece of equipment for $ 36,000 . It estimated a 8 -year life
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Question:
Bridgeport Corp. purchased a piece of equipment for $36,000. It estimated a 8-year life and $1,440 salvage value. At the end of year 4 (before the depreciation adjustment), it estimated the new total life to be 10 years and the new salvage value to be $2,880.
Compute the revised depreciation. Company uses straight-line depreciation method. (Round answer to 0 decimal places, e.g. 125.)
Revised depreciation | $enter the revised depreciation in dollars |
Related Book For
Foundations of Financial Management
ISBN: 978-1259194078
15th edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
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