Jack's Copy Shop bought equipment for $160,000 on January 1, 2013. Jack estimated the useful life to be 3 years with $ 10,000 salvage value, and the straight-line method of depreciation will be used. On January 1, 2014, Jack decides that the business will use the equipment for a total of 6 years with a salvage value of $ 10,000. What is the revised depreciation expense for 2015? (rounded to two decimal places)
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25000.........................
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