On January 1 2014 Santo Company purchased a computer system for $30500. The system had an estimated useful life of 5 years and no salvage value. At January 1 2016 the company revised the remaining useful life to two years. What amount of depreciation will be recorded for 2016 and 2017?

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The Answer of On January 1 2014 Santo Company purchased a computer system for $30500. The system had an estimated useful life of 5 years and no salvage value. At January 1 2016 the company revised the remaining useful life to two years. What amount of depreciation will be recorded for 2016 and 2017?

On January 1 2014 Santo Company Purchased a Computer System