Depreciation was computed on the sum-of-the-years-digits, Accounting Basics

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Depreciation was computed on the sum-of-the-years-digits

Problem

On last day of month 9 Carson Company purchased a new machine for $73,189. The new machine has an estimated useful life of 6 years and the salvage value was estimated to be $1,281. Depreciation was computed on the sum-of-the-years'-digits method. What is the depreciation expense for this asset in year 2?

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Accounting Basics: Depreciation was computed on the sum-of-the-years-digits

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Accounting Basics: Depreciation was computed on the sum-of-the-years-digits

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