Furst Company purchased equipment on January 1, 2012 for $51,000. The equipment is estimated to...
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Furst Company purchased equipment on January 1, 2012 for $51,000. The equipment is estimated to have a 5-year life and a salvage value of $4,000. The company used the straight-line depreciation method. At the beginning of 2015, Furst revised the expected life to eight years. The annual amount of depreciation expense for each of the remaining years would be:
$2,850.
$2,350.
$4,560.
$3,760.
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