Business, 26.10.2021 01:30, TYUqnn2077
Equipment was acquired on January 1, 2019 at a cost of $ 170,000. The equipment was originally estimated to have a salvage value of $ 24,000 and an estimated life of 10 years. Depreciation has been recorded through December 31, 2021 using the straight-line method. On January 1, 2022, the estimated salvage value was revised to $ 35,000 and the useful life was revised to a total of 8 years.
Requried:
Prepare the journal entry to record depreciation expense for 2022.
Answers: 2
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Equipment was acquired on January 1, 2019 at a cost of $ 170,000. The equipment was originally estim...
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