Meca Concrete purchased a mixer on January 1, 2016, at a cost of$39,600. Straight-line depreciation for 2016 and 2017 was based onan estimated eight-year life and $2,400 estimated residual value.In 2018, Meca revised its estimate and now believes the mixer willhave a total service life of only six years, and that the residualvalue will be only $1,400. Compute annual depreciation for 2018 and2019.
Annual depreciation for 2018 and 2019-
