Business, 31.05.2020 17:58 autumnplunkett09

At the beginning of 2013, Sullivan Company acquired equipment costing $300,000. It was estimated that this equipment would have a useful life of 6 years and a salvage value of $30,000 at that time. The straight-line method of depreciation was considered the most appropriate to use with this type of equipment. Depreciation is to be recorded at the end of each year. At the end of 2015 (the third year of the equipment’s life), the company’s engineers reconsidered their expectations and estimated that the equipment’s useful life would probably be 7 years (in total) instead of 6 years. The estimated salvage value was not changed at that time. Required Indicate how much depreciation expense should be recorded for this equipment the year 2013, 2014,2015 and 2016 2 Marks 2015 26,000 miles 2016 32,000 miles 2017 25,000 miles 2018 17,000 miles

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At the beginning of 2013, Sullivan Company acquired equipment costing $300,000. It was estimated tha...