Business, 15.11.2019 19:31 RyleyM

On january 1, 2020, the flounder company ledger shows equipment $68,000 and accumulated depreciation―equipment $10,000. the depreciation resulted from using the straight-line method with a useful life of 9 years and salvage value of $2,000. on this date, the company concludes that the equipment has a remaining useful life of only 5 years with the same salvage value.

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On january 1, 2020, the flounder company ledger shows equipment $68,000 and accumulated depreciation...