Determine the depreciation expense for year


Equipment costing $20,000 with a salvage value of $4,000 and an estimated life of 8 years has been depreciated using the straight-line method for 2 years. Assuming a revised estimated total life of 6 years, and no change in the salvage value, determine the depreciation expense for Year 3.

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Accounting Basics: Determine the depreciation expense for year
Reference No:- TGS0703075

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