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Find what is depreciation expense for geek corporation

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Reference no: EM132942772

Problem 1: GEEK Corporation purchased a depreciable asset for 420,000 on January 1, 2015. The estimated salvage value is 42,000, and the estimated total useful life is 9 years. The straight-line method is used for depreciation. In 2018, Game changed its estimates to a useful life of 5 years with a salvage value of 70,000. What is 2018 depreciation expense?

A.42,000

B. 70,000

C. 112,000

D. 126,000

 

Reference no: EM132942772

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