Question: I'm having a hard time with this question: On January 1, 2017, the Sunland Company ledger shows Equipment $52,900and Accumulated Depreciation $20,040. The depreciation resulted
I'm having a hard time with this question:
On January 1, 2017, the Sunland Company ledger shows Equipment $52,900and Accumulated Depreciation $20,040. The depreciation resulted from using the straight-line method with a useful life of 10 years and a salvage value of $2,800. On this date, the company concludes that the equipment has a remaining useful life of only2years with the same salvage value.
Compute the revised annual depreciation. I got 13630
The revised annual depreciation$
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