Business, 24.03.2020 21:45 samymaria1344

The Peridot Company purchased machinery on January 2, 2016, for $800,000. A five-year life was estimated and no residual value was anticipated. Peridot decided to use the straight-line depreciation method and recorded $160,000 in depreciation in 2016 and 2017. Early in 2018, the company revised the total estimated life of the machinery to eight years.
What type of change is this? Determine depreciation for 2018

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The Peridot Company purchased machinery on January 2, 2016, for $800,000. A five-year life was estim...

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