Page 1 of 1
Equipment was purchased at the beginning of 2019 for $870000. At the time of its purchase, the equipment was estimated t
Posted: Sun Jun 05, 2022 6:41 pm
by answerhappygod
- Equipment Was Purchased At The Beginning Of 2019 For 870000 At The Time Of Its Purchase The Equipment Was Estimated T 1 (48.19 KiB) Viewed 50 times
Equipment was purchased at the beginning of 2019 for $870000. At the time of its purchase, the equipment was estimated to have a useful life of 6 years and a salvage value of $102000. The equipment was depreciated using the straight-line method of depreciation through 2021. At the beginning of 2022, the estimate of useful life was revised to a total life of 8 years and the expected salvage value was changed to $63500. The amount to be recorded for depreciation for 2022, reflecting these changes in estimates, is O $54857. O $84500. O $100813. O $97200.