Sarasota Corp. purchased a piece of equipment for $60,000. It estimated a 8-year life and $2,400...

Sarasota Corp. purchased a piece of equipment for $60,000. It estimated a 8-year life and $2,400 salvage value. At the end of year 4 (before the depreciation adjustment), it estimated the new total life to be 10 years and the new salvage value to be $4,800.

Compute the revised depreciation. Company uses straight-line depreciation method. (Round answer to 0 decimal places, e.g. 125.)

Expert Solution

ekkarill92 answered 2 years ago

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