Acc225 Fundamental of Accounting Principles: E10-11 Siness Fitness Club uses straight-line

Acc225 Fundamental of Accounting Principles
E10-11
Siness Fitness Club uses straight-line depreciation for a machine costing $30,550, with an estimated four-year life and a $2,550 salvage value. At the beginning of the third year, Siness determines that the machine has three more years of remaining useful life, after which it will have an estimated $2,100 salvage value.

Required:
Compute (1) the machine's book value at the end of its second year and (2) the amount of depreciation for each of the final three years given the revised estimates.
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