Coronado Corporation purchased a depreciable asset for $576000 on January 1, 2023. The estimated salvage value is
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Coronado Corporation purchased a depreciable asset for $576000 on January 1, 2023. The estimated salvage value is $54000, and the estimated useful life is 9 years. The straight-line method is used for depreciation. In 2026, Coronado changed its estimates to a total useful life of 5 years with a salvage value of $93000.
What is 2026 depreciation expense?
Related Book For
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date: