Reno company purchased equipment on January 1, 2012 for $82,000. The equipment is estimated to...
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Accounting
Reno company purchased equipment on January 1, 2012 for $82,000. The equipment is estimated to have a 5 year life and a salvage value of $5000. The company used straight line depreciation method.
If the original expected life remain the same (i.e 5 years) , but at the beginning of 2015 the salvage were revised to $6,000. The annual depreciation expense for each of the remaining years would be
a) 14,900
b) $9,333
c) $17,900
d) $14,675
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