Assigned anestimated life

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Reference no: EM13912865

On January 1, 2002, ABC Company purchased equipment for $100,000.

The equipment was assigned an estimated life of 10 years and a salvage value of $10,000. On January 1, 2005, ABC Company

decided the life of the equipment should be revised from 10 to 15 years with a salvage value

of $4,000 at the end of the 15 years.

Calculate the book value of the equipment at December 31, 2009 assuming ABC Company uses

the straight-line depreciation method. Do not use decimals in your answer.

Reference no: EM13912865

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Assigned anestimated life : The equipment was assigned anestimated life of 10 years and a salvage value of $10,000. On January 1, 2005, ABC Company decided the life of the equipment should be revised from 10 to 15 years with a salvage value of $4,000 at the end of the 15 years..

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