Question: QS 9 - 1 4 Revised depreciation - change in useful life and residual value 4 On January 1 , 2 0 2 3 ,

QS 9-14 Revised depreciation-change in useful life and residual value 4
On January 1,2023, Kaldex Company purchased for $35,720 equipment with an estimated useful life of eight years and an estimated residual value at the end of its life of $4,200. Early in January 2026, it was determined that the total estimated useful life on the equipment should be 10 years with a revised estimated residual value of $1,570. Kaldex uses the straight-line method to calculate depreciation and its year-end is December 31. Calculate revised depreciation for 2026.
 QS 9-14 Revised depreciation-change in useful life and residual value 4

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