Business, 08.04.2020 00:02 SoccerHalo

Cheyenne Corp. purchased a piece of equipment for $58,800. It estimated a 9-year life and $3,400 salvage value. At the end of year 3 (before the depreciation adjustment), it estimated the new total life to be 11 years and the new salvage value to be $5,200.Compute the revised depreciation. Company uses straight-line depreciation method.

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Cheyenne Corp. purchased a piece of equipment for $58,800. It estimated a 9-year life and $3,400 sal...

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