Revision of estimated useful life
On January 1, 2011, Maxie Storage Company purchased a freezer and related installation equipment for $36,000. The equipment had a three-year estimated life with a $6,000 salvage value.
Straight-line depreciation was used. At the beginning of 2013, Maxie revised the expected life of
the asset to four years rather than three years. The salvage value was revised to $4,000.
Required
Compute the depreciation expense for each of the four years.
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.