Carla Vista Company purchased a hot tub for $9,000 on January 1, 2016. Straight-line depreciation is used, based on a useful life of 6 years and a salvage value of $1,440. In 2018 the estimates are revised. Carla Vista now feels that the hot tub will be used until December 31, 2020, when it can be sold for $675.

Calculate the 2018 depreciation.

Answer rating: 100% (QA)

To calculate the 2018 depreciation we need to find the revised depre... View the full answer