Question: PRINTER VERSION BACK NEXT Question S On January 1, 2017, the Morgantown Company ledger shows Equipment $35,000 and Accumulated Depreciation-Equipment $9,500. The depreciation resulted from

PRINTER VERSION BACK NEXT Question S On January 1, 2017, the Morgantown Company ledger shows Equipment $35,000 and Accumulated Depreciation-Equipment $9,500. The depreciation resulted from using the straight-lne method with a useful life of 10 years and salvage value of $2,700. 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 Revised annual depreciation

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