Business, 16.11.2019 04:31 billey32

On january 1, jamaica company purchased equipment for $18,000. the estimated salvage value is $4,000 and the estimated useful life is 5 years. on december 31 of the fourth year, and before adjusting entries have been made, the company decided to extend the estimated useful life of the equipment by two years giving it a total life of 7 years. the company did not change the salvage value and continues to use the straight-line method. what is the depreciation expense for the fourth year?
a) $4,000
b) $2,000
c) $2,800
d) $1,400
e) $1,500

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On january 1, jamaica company purchased equipment for $18,000. the estimated salvage value is $4,000...

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