Vonhelio9399 Vonhelio9399

02-01-2023
Business

Answered

An asset was purchased for $106,000 on january 1, year 1 and originally estimated to have a useful life of 11 years with a residual value of $12,500. at the beginning of the third year, it was determined that the remaining useful life of the asset was only 4 years with a residual value of $1,600.

required:
calculate the third-year depreciation expense using the revised amounts and straight-line method.

a.$21,850.00
b.$22,350.00
c.$22,850.00
d.$20,850.00

Answer :

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