Essay
The December 31, 2009 balance sheet of Cooper Company showed Equipment of $64,000 and Accumulated Depreciation of $18,000. On January 1, 2010, the company decided that the equipment has a remaining useful life of 6 years with a $4,000 salvage value.
Instructions
Compute the (a) depreciable cost of the equipment and (b) revised annual depreciation.
Correct Answer:
Verified
Correct Answer:
Verified
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