On January 1, 2011, Reyes Company purchased a computer system for $30,500. The system had an estimated useful life of 5 years and no residual value. At January 1, 2013, the company revised the remaining useful life to two years. What amount of depreciation will be recorded for 2013 and 2014?

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The Answer of On January 1, 2011, Reyes Company purchased a computer system for $30,500. The system had an estimated useful life of 5 years and no residual value. At January 1, 2013, the company revised the remaining useful life to two years. What amount of depreciation will be recorded for 2013 and 2014?

On January 1, 2011, Reyes Company Purchased a Computer System