Banger Co. purchased delivery equipment for $100,000 on January 1, Year 1. Banger estimated that the delivery equipment
Posted: Sun Jul 03, 2022 4:13 pm
Banger Co. purchased delivery equipment for $100,000 on January1, Year 1. Banger estimated that the delivery equipment would havea life of five years and a $10,000 salvage value. Banger uses thestraight-line method to compute the depreciation expense. At thebeginning of year 4, Banger revised the useful life of the deliveryequipment to be a total of seven years. The estimated salvage valuewas not changed. Compute the depreciation expense for each of theseven years.