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What the amount to be recorded for depreciation

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Problem 1: Equipment was purchased at the beginning of 2015 for $218,000. At the time of its purchase, the equipment was estimated to have a useful life of six years and a salvage value of $20,000. The equipment was depreciated using the straight-line method. At the beginning of 2018, the estimate of useful life was revised to a TOTAL life of nine years (to 1/1/24) and the expected salvage value was changed to $11,000. The amount to be recorded for depreciation for 2018, reflecting these changes in estimates, is:

Select one:

a. $18,167
b. $19,833
c. $12,000
d. $13,222
e. $18,000

Reference no: EM132837869

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