Why an estimated life of years has been depreciated, Accounting Basics

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Why an estimated life of years has been depreciated

Equipment costing $40000 with a salvage value of $8000 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, the depreciation expense for the 3rd year would be?

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Accounting Basics: Why an estimated life of years has been depreciated

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Accounting Basics: Why an estimated life of years has been depreciated

Reference No:- TGS0703613

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : The companys selling and administrative expenses

Q : Discus the possible reasons for the decline

Q : What is the probability of being happy

Q : Total ionic and net ionic equations

Q : Why an estimated life of years has been depreciated

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Why an estimated life of years has been depreciated

Reference No:- TGS0703613

Recent Questions Asked Accounting Basics

Q : The companys selling and administrative expenses

Q : Discus the possible reasons for the decline

Q : What is the probability of being happy

Q : Total ionic and net ionic equations

Q : Why an estimated life of years has been depreciated

Q : Calculate the number of sodium atoms in a row

Q : Series of vibrational absorptions

Q : Writing an inequality

Q : Determine the proposed capital expenditure

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