Sunland Company bought equipment for $330000 on January 1, 2016. Sunland estimated the useful life to be 3 years with no salvage value, and the straight-line method of depreciation will be used. On January 1, 2017, Sunland decides that the business will use the equipment for a total of 5 years. What is the revised depreciation expense for 2017?

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A 1 Particulars Amount 2 Book value at Jan 1 2016 24 ... View the full answer