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Nanki Corporation purchased equipment on January 1, 2019, for $673,000. In 2019 and 2020, Nanki depreciated the asset on
Posted: Fri Jul 01, 2022 8:22 am
by answerhappygod
- Nanki Corporation Purchased Equipment On January 1 2019 For 673 000 In 2019 And 2020 Nanki Depreciated The Asset On 1 (98.59 KiB) Viewed 61 times
Nanki Corporation purchased equipment on January 1, 2019, for $673,000. In 2019 and 2020, Nanki depreciated the asset on a straight-line basis with an estimated useful life of eight years and a $25,000 residual value. In 2021, due to changes in technology, Nanki revised the useful life to a total of six years with no residual value. What depreciation would Nanki record for the year 2021 on this equipment? (Round your answer to the nearest dollar amount.) Multiple Choice O $112,167. $108,000. $127,750. None of these answer choices are correct.