Answered You can hire a professional tutor to get the answer.
QUESTION
O'Brien Sports and Outdoors On January 1, 2013, purchased equipment for $150,000. The equipment had an estimated useful life of 10 years and no...
O’Brien Sports and Outdoors On January 1, 2013, purchased equipment for $150,000. The equipment had an estimated useful life of 10 years and no salvage value. At January 1, 2016, the company revised the remaining useful life to 13 years and a $5,000 salvage value. Journalize the new yearly depreciation expense.
CostOriginal estimated useful lifereviesed remaining useful lifeRevised salvage value 15000010135000 CostJanuary 1,2013 - January 1 2016 depreciationCarrying amount as of January 1, 2016...