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On 7/1/19 bird company purchased equipment for $180,000 and uses the straight line method to...

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Accounting

On 7/1/19 bird company purchased equipment for $180,000 and uses the straight line method to depreciate that equipment. Bird estimated that the equipment would have a 10 year life and a $20,000 salvage value. On 1/1/23(after 3.5 years) bird realized that the equipment would have a remaining life of only 4 years, with no salvage value. How much depreciation expense will bird record in 2023?

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