On january 1 2008 the ramirez company ledger shows, Ask an Expert

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On January 1, 2008, the Ramirez Company ledger shows Equipment $29,000 and Accumulated Depreciation $9,000. The depreciation resulted from using the straight-line method with a useful life of10 years and salvage value of $2,000. On this date, the company concludes that the equipment has a remaining useful life of only 4 years with the same salvage value. Compute the revised annual depreciation.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9797528

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