On January 1, 2022, the Wildhorse Co. ledger shows Equipment $51,700 and Accumulated Depreciation $19,800. The depreciation resulted from using the straight-line method with a useful life of 10 years and a salvage value of $2,200. On this date, the company concludes that the equipment has a remaining useful life of only 4 years with the same salvage value.

Compute the revised annual depreciation.

The revised annual depreciation

$enter the revised annual depreciation in dollars

Answer rating: 100% (QA)

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