Question: can I get some help on this please Question 4 (20 marks) Booker Corporation purchased equipment on May 31 of Yeat 4 for $288,000. The
Question 4 (20 marks) Booker Corporation purchased equipment on May 31 of Yeat 4 for $288,000. The expected usetul he is 8 years, and rosidual valuo is 520,000 . Ther round depreciation to the nearest month, and the straight line depreciation amount is rounded to the noarest dolar. On June 30 of Year 8 , they determine that the total expected useful the of the equipment will be 10 years instead of years. Residual value wil be revised to $11,000 Required Determine depreciation oxpense for the Year 8 . Marks for this question ave allocated based on your clearly labeled calculations. it marks ftr caleulations; 5 marks for the correct answer)
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