Tulsa Corporation acquired a machine for $27,000 and has recorded depreciation for two years using the straight-line

Question:

Tulsa acquired a machine for $27,000 and has recorded depreciation for two years using the straight-line method over a five-year life and $9,000 residual value. At the start of the third year of use, Tulsa revised the estimated useful life to a total of 10 years. Estimated residual value declined to $0.
How much depreciation should Tulsa record in each of the asset's last eight years (that is, year
a. $2,475
b. $10,800
c. $2,700
d. Some other amount
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...