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  3. 1. on 01/01/2015 the company purchased equipment b

1. On 01/01/2015 the company purchased equipment by JD 300,000, and no salvage value for...

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Accounting

1.

On 01/01/2015 the company purchased equipment by JD 300,000, and no salvage value for it at the end the useful life. It used the fixed depreciation method (straight-line). The useful life for it is 7 years. At the end of the year 2019, the company decided to change the useful life for it to be 10 years.

So, the depreciation expense value for the year 2019 will be:

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