Coronado company purchased equipment on january 1, 2019 for 77000 with an estimated salvage value...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Coronado company purchased equipment on january 1, 2019 for 77000 with an estimated salvage value of 17000 and estimated useful life of 8 yyears. On january 1, 2021, coronado decided equipment will last 12 years from the date of purchase. the salvage value is still estimated at 17000. Using the straight-line method the new annual deoreciation will be:
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
