On January 1, 2008, Reyes Company purchased a computer system for $20,500. The system had an estimated useful life of 5 years and no salvage value. At January 1, 2010, the company revised the remaining useful life to two years. What amount of depreciation will be recorded for 2010 and 2011?

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The Answer of On January 1, 2008, Reyes Company purchased a computer system for $20,500. The system had an estimated useful life of 5 years and no salvage value. At January 1, 2010, the company revised the remaining useful life to two years. What amount of depreciation will be recorded for 2010 and 2011?

On January 1, 2008, Reyes Company Purchased a Computer System