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Calculate marigold company purchased equipment on january

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Question problem 1: Marigold Company purchased equipment on January 1, 2016, for $86000 with an estimated salvage value of $24000 and estimated useful life of 8 years. On January 1, 2018, Marigold decided the equipment will last 12 years from the date of purchase. The salvage value is still estimated at $24000. Using the straight-line method the new annual depreciation will be:

a) $6167.

b) $7167.

c) $4650.

d) $5167.

Reference no: EM132463182

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