Compute depreciation expense for all years (assume straight-line depreciation) for Bubble Corporation.

4/1/16 Purchased machine for $22,000 with a salvage value of $2,000. The estimated useful life is 20 years.

7/1/17 $2,000 improvement to machine. Salvage value changed to $250

7/1/18 Changed estimated useful life to a total of 10 years remaining

11/1/19 Sold machine for $20,000

Please do the years 2016, 2017, 2018, and 2019.

The answers are

$750

$1,100

$2,190

$1,825

I just am confused how to solve the problem. Please help

Answer rating: 100% (QA)

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