Question: Question 8 On January 1 , 2 0 2 4 , Romero Company purchased equipment for $ 3 5 0 , 0 0 0 .

Question 8
On January 1,2024, Romero Company purchased equipment
for $350,000. The equipment was assigned a 16-y ear life
and a salvage value of $16,000. Romero Company employs
the straight-line method to record depreciation on its
assets.
On January 1,2033, Romero Company changed the life of
the equipment from 16 years to 20 years and adjusted
the salvage value of the equipment to be $9,500 at the
end of the 20 years.
Calculate the equipment's book value at Dec. 31,2034.
Question 8 On January 1,2024, Romero Company purchased equipment for $350,000.

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