Question: On January 1 , 2 0 2 2 , the Marigold Corp. general ledger shows Equipment $ 3 1 , 4 0 0 and Accumulated

On January 1,2022, the Marigold Corp. general ledger shows Equipment $31,400 and Accumulated Depreciation $9,300. The depreciation resulted from using the straight-line method with a useful life of 12 years and a salvage value of $3,500. On this date, the company concludes that the equipment has a remaining useful life of only 2 years with the same salvage value.
Compute the revised annual depreciation.
Revised annual depreciation
$
On January 1 , 2 0 2 2 , the Marigold Corp.

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