ercise 9-18 Revising depreciation rates-change in useful life and residual value LO4 Hilton...
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Accounting
ercise Revising depreciation rateschange in useful life and residual value LO
Hilton Skating Club used straightline depreciation for a used Zamboni iceresurfacing machine that cost $ under the umption it would have a fouryear life and a $ tradein value. After two years, the club determined that the Zamboni still had e more years of remaining useful life, after which it would have an estimated $ tradein value.
uired:
alculate the Zamboni's book value at the end of its second year.
mboni's book value
Falculate the amount of depreciation to be charged during each of the remaining years in the Zamboni's revised useful life.
lount of depreciation
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