CALCULATOR MESSAGE MY INSTRUCTOR FULLSCREEN PRINTER VERSION ·SACK NEXT Brief Exe

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CALCULATOR MESSAGE MY INSTRUCTOR FULLSCREEN PRINTER VERSION ·SACK NEXT Brief Exercise 9-6 Your answer is incorrect. Try again. On January 1, 2017, the Cullumber Company ledger shows Equipment $38,100 and Accumulated Depreciation $13,840. The depreciation resulted from using the straight- line method with a useful life of 10 years and a salvage value of $3,500. On this date, the company concludes that the equipment has a remaining useful life of only 2 yeans with the same salvage value. Compute the revised annual depreciation. 5190 The revised annual depreciation By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Question Attempts: 1 of 3 used SAVE LASUBNIT ANSWER 3 4 5 7 8 9 0

Explanation / Answer

Cost $38,100 Accumulated Deprecition $13,840 Useful Life 10 years Salvage Value $3,500 Depreciation of the year 38100-3500 10 Years $      3,460.00 Useful life consumed upto 4 Year (3460*4) 13840 New Cost (38100-13840) $24,260 Now, Revised Useful Life 2 years So, Revised Depreciation is New Cost- Salvage Value New Useful Life 24260-3500 $10,380 2 Therefore, Revised Annual Depreciation is $10,380

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