Question: On January 1 , 2 0 2 2 , Buffalo Company purchased a building and equipment that have the following useful lives, salvage values, and
On January Buffalo Company purchased a building and equipment that have the following useful lives, salvage values, and costs.
Building, year estimated useful life, $ salvage value, $ cost
Equipment, year estimated useful life, $ salvage value, $ cost
The building has been depreciated under the doubledecliningbalance method through In the company decided to switch to the straightline method of depreciation. Buffalo also decided to change the total useful life of the equipment to years, with a salvage value of $ at the end of that time. The equipment is depreciated using the straightline method.
Compute depreciation expense on the equipment for Round answer to decimal places, eg
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