On January 1, 2008, the Villarreal Mexican Bakery ledger shows Equipment $40,000 and Accumulated

On January 1, 2008, the Villarreal Mexican Bakery ledger shows Equipment $40,000 and Accumulated Depreciation $9,000.The depreciation resulted from using the straight-line method with a useful life of ten years and salvage value of $4,000. On this date, the company concludes that the equipment has a remaining useful life of only five ears with the same salvage value. Compute the revised annual depreciation.

 

Looking for a Similar Assignment? Let us take care of your classwork while you enjoy your free time! All papers are written from scratch and are 100% Original. Try us today! Use Code FREE15