A company purchased equipment valued at $825,000 on January 1.The equipment has an estimated useful life of seven years or 6 million units.The equipment is estimated to have a salvage value of $35,000.Assuming the straight-line method of depreciation,what is depreciation for the second year?

Question

Quizplus · Accepted Answer

The Answer of A company purchased equipment valued at $825,000 on January 1.The equipment has an estimated useful life of seven years or 6 million units.The equipment is estimated to have a salvage value of $35,000.Assuming the straight-line method of depreciation,what is depreciation for the second year?

A Company Purchased Equipment Valued at $825,000 on January 1