Sesame Company purchased a computer system for $74,000 on January 1, 2018. It was depreciated based on a 7-year life and an $18,000 residual value. On January 1, 2020, Sesame revised these estimates to a total useful life of 4 years and a residual value of $10,000. Sesame's depreciation expense for 2020 equal to:

$24000

Step-by-step explanation:

Depreciation for 2018 = ($74,000 - $18000) / 7

= $56000/7

= $8000

Depreciation for 2019 = ($74,000 - $18000) / 7

= $56000/7

= $8000

Depreciation up to 2019 = $8000 + $8000 = $16000

Book value at end of 2019 = $74000 - $16000 = $58000

Revised residual value = $10,000

Number of remaining years = 4-2 = 2 years

Depreciation expensed for 2020 will be:

= ($58000 - $10,000) / 2

= $48000/2

= $24000

in mathematics, a function is a relationship between two variables such that the value of one of the variables, called the dependent variable, is determined by the value of the other variable, called the independent variable. there is a specific term we use to describe the set of independent variables of a function.

i would need to see the dot plot : )