Essay
On January 1, 2016, Check Co. bought a machine for $15,000. Residual value was estimated to be $1,400 and a five- year life was used for straight-line depreciation. On January 1, 2018, it was estimated that the total life from acquisition date should have been six years and residual value should have been estimated at $600.
Required:
Compute depreciation expense for 2018.
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$15,000 ? $1,400 = $13,600? $1...View Answer
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