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Ivanhoe Company purchased a depreciable asset for $33500 on January 1, 2020. The estimated...

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Accounting

Ivanhoe Company purchased a depreciable asset for $33500 on January 1, 2020. The estimated salvage value is $4400, and the estimated useful life is 4 years. The sum-of-the-years' digits method is used for depreciation. What is depreciation expense for the year 2022? $5820. $11640. $7275. $10473.
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Ivanhoe Company purchased a depreciable asset for $33500 on January 1,2020 . The estimated salvage value is $4400, and the estimated useful life is 4 years. The sum-of-the-years' digits method is used for depreciation. What is depreciation expense for the year 2022? $5820. $11640. $7275. $10473

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