Assume an asset with an original cost of $40,000

Assume an asset with an original cost of $40,000,

$6,000 salvage value, is depreciated using straightline

depreciation over 5 years. After year 2, the

salvage value was modified to a $2,000 salvage

value, with 5 years of depreciation remaining. What

is the new yearly depreciation?

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"