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What will be the depreciation expense for the machine

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Question - ABC Company purchased a machine on January 1, 2016, for $450,000. At the time of purchase the machine was estimated to have a life of 7 years and a residual value of $ 20,000. On January 1, 2018, The company determined that the machine had a total useful life of 10 years (another 7 years left) and a residual value of $ 18,000. If ABC uses the straight - line method of depreciation, what will be the depreciation expense for the machine in 2019?

Reference no: EM132573073

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