Wednesday
August 27, 2014

Homework Help: accounting

Posted by Peaches on Thursday, December 3, 2009 at 12:36pm.

How do i calculate this problem. An asset was purchased for $150,000. It had an estimated salvage value of $30,000 and an estimated useful life of 10 years. After 5 years of use, the estimated salvage value is revised to $24,000 but the estimated useful life is unchanged. Assuming straight-line depreciation, depreciation expense in 6 years would be?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Straight-line Depreciation - Please how do i calculate this problem. An asset ...
Math - An asset is purchased for$50,000.It has an estimated useful life of 12 ...
accounting - On January 1, 2006, Powell Company purchased a building and ...
Accounting - I am trying to figure out if I am doing this accounting problem ...
business math - An asset is purchased for $50,000. It has an estimated useful ...
Math - An asset is purchased for $50,000. It has an estimated useful life of ...
Math - P Inc.purchased a $30,000 asset with a salvage value of$1,200 and an ...
math - Parker Inc. purchased a $30,000 asset with a salvage value of $1,200 and ...
accounting - 1-On May 1, 2012, Pinkley Company sells office furniture for $150,...
accounting - Jan. 1 Purchased a small company and recorded goodwill of $150,000...

Search
Members