Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. equipment costing $108,000 with a salvage value of

equipment costing $108,000 with a salvage value of $12,000 and an estimated life of 8...

90.2K

Verified Solution

Question

Accounting

equipment costing $108,000 with a salvage value of $12,000 and an estimated life of 8 years has been depreciated using the straight-line method for two years assuming a revised estimated total life of five years and no change in the salvage value the depreciation expense for year 3 would 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!
Become a Member

Other questions asked by students

Q

Two sprinters of equal mass leave the starting blocks with the following horizontal and vertical...

Calculus
Q

September 4: You purchase a vehicle for yourbusiness for $55,000 and finance the vehicle...

Accounting
Q

How does erikson theory industry v.s inferiority relate and support Dweck's ideas and theory of mindsets

Psychology
Q

4 XERCISE 10 300 gm of water at 25 C is added to 100 gm...

Physics
Q

Select the correct answer from each drop down menu A comic strip writer churns out...

Basic Math
Q

Solve using Cramer's Rule.- 5x + 2y + 3z = 276x + 6y + 5z...

Algebra
Q

Determining Amounts in Operating Lease-Lessee Kulver's Inc. leases equipment from Equip Inc. on...

Accounting
Q

How has your writing process changed or progressed throughout this course? What are some concrete...

Accounting
Q

Which of the following is always correct in the period when a company factors its...

Accounting
Q

On March 1 a dressmaker starts work on three custom-designed wedding dresses. The company uses...

Accounting
Q

Selecciona la mejor respuesta para completar la oracin: Amenazas a la independencia _________. 1....

Accounting
Q

Segregation of duties (SoD) is an important control. Answer the following; a. Describe what SoD...

Accounting