BostonBoston 's Wonderland paid $ 50,000 for a concession stand. Depreciation was recorded by the...
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BostonBoston 's Wonderland paid $ 50,000 for a concession stand. Depreciation was recorded by the straight-line method over 13 years with zero residual value. Suppose that after using the concession stand for four years, Boston Boston's Wonderland determines that the asset will remain useful for only three more years. How will this affect depreciation on the concession stand for year 5 by the straight-line method?
(Round interim calculations to the nearest whole dollar. Round your answers to the nearest whole dollar.)
(
)Original depreciation for year 5 using the straight-line method over 13 years with zero residual value.
)New depreciation for year 5 after changing remain useful life to only three more years.
concassion stand for yar 5 by t straighHine menoa? using the Round intor m caloulationa to the nearost whole do lar. Round your answers to the nearest whole dollar) Oniginal depreciaion for year 5 using the straghtHine method over 13 years wth zero resdual Now depreolation for yeor & ater changina remain usoful Ite to cnly threo more yoors
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