AP8-13B (Straight-line method depreciation with change in estimate) Kulle Optical Ltd. purchased optical lens coating...
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APB Straightline method depreciation with change in estimate Kulle Optical Ltd purchased optical lens coating equipment for $ on January At that time, management determined that the equipment would have a useful life of five years and a residual value of $ Kulle uses the straightline depreciation method. On January management revised its initial estimates and determined that the lens coating equipment would have a useful life of eight years, rather than five years, and that it would have a residual value of $ at the end of that time. Required Determine the depreciation expense for
APB Straightline method depreciation with change in estimate Kulle Optical Ltd purchased optical lens coating equipment for $ on January At that time, management determined that the equipment would have a useful life of five years and a residual value of $ Kulle uses the straightline depreciation method. On January management revised its initial estimates and determined that the lens coating equipment would have a useful life of eight years, rather than five years, and that it would have a residual value of $ at the end of that time.
Required
Determine the depreciation expense for
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