Solved: Sesame revised these estimates to a total useful life of 4, Accounting Basics

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Sesame revised these estimates to a total useful life of 4

Problem - Reporting Accounting Changes and Errory Analysis

Sesame Company purchased a computer system for $74,000 on January 1, 2009. It was depreciated based on a 7-year life and an $18,000 salvage value. On January 1, 2011, Sesame revised these estimates to a total useful life of 4 years and a salvage value of $10,000. Prepare Sesame's entry to record 2011 depreciation expense.

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Accounting Basics: Sesame revised these estimates to a total useful life of 4

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