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# Depreciation using the revised amounts and straight line

Computer equipment was acquired at the beginning of the year at a cost of \$56,000 that has an estimated residual value of \$3,000 and an estimated useful life of 5 years. Determine the 2nd year's depreciation using straight-line depreciation.
\$11,200
\$22,400
\$10,600
\$13,600

An asset was purchased for \$60,000 and originally estimated to have a useful life of 10 years with a residual value of \$3,000. After two years of straight line depreciation, it was determined that the remaining useful life of the asset was only 2 years with a residual value of \$2,000. Calculate this year's depreciation using the revised amounts and straight line method.
\$22,800
\$11,400
\$23,300
\$24,000

#### Solution Preview

Computer equipment was acquired at the beginning of the year at a cost of \$56,000 that has an estimated residual value of \$3,000 and an estimated useful life of 5 years. Determine the 2nd year's depreciation using straight-line depreciation.

Depreciation= (Cost-Residual value)/Useful ...

#### Solution Summary

This provides the steps to calculate the depreciation using the revised amounts and straight line method

\$2.19