(Answered) Relaford corporation purchased a piece of equipment for

Accounting

Relaford Corporation purchased a piece of equipment for $50,000. It estimated an 8-year life and $2,000 salvage value. At the end of year 4 (before the depreciation adjustment), it estimated the new total life to be 10 years and the new salvage value to be $4,000.

Compute the revised depreciation. Company uses straight-line depreciation method.

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