What is the original depreciable base of the assets

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Question - Football acquired an assets on July 1, 2025, at a cost of $189,000. The assets had a six year useful life and an estimated salvage value of $21,000. The straight line method of depreciation was used. On January 1,2028 the asset was overhauled at a cost of $17,500, which extended the useful life of the truck for an additional two years beyond that originally estimated ( salvage value is still estimated at $21,000). In computing depreciation for annual adjustment purpose, expense is calculated for each month the asset is owned.

Required -

1. What is the original depreciable base of the assets?

2. What is the depreciation expense reported in 2028?

3. What is the book value of the asset at 12-31-2028?

4. What is the amount of the change in estimate for this asset?

Reference no: EM132589238

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