Business, 15.04.2020 19:17 krystalhurst97
An asset was purchased for $60,000 and originally estimated to have a useful life of 10 years with a residual value of $3,000.
After two years of straight line depreciation, it was determined that the remaining useful life of the asset was only 2 years with a residual value of $2,000.
Calculate this year's depreciation using the revised amounts and straight line method.
a. $11,400
b. $23,300
c. $24,000
d. $22,800
Answers: 1
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