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ercise 9-18 Revising depreciation rates-change in useful life and residual value LO4 Hilton...

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Accounting

ercise 9-18 Revising depreciation rates-change in useful life and residual value LO4
Hilton Skating Club used straight-line depreciation for a used Zamboni ice-resurfacing machine that cost $45,000, under the umption it would have a four-year life and a $5,300 trade-in 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 $3,940 trade-in 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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