please need help in this. here is the response but do not understand why it...
80.2K
Verified Solution
Link Copied!
Question
Accounting
please need help in this. here is the response but do not understand why it is dividing by 3 then by 4, could you explain in a simple way? i will really appreciate your help on this! 
Panther Company purchased a machine for $200,000 on January 1, 2018. Panther Co. depreciates machines of this type by the straight-line method over a 10 -year period with the residual value of $20,000. Due to a change in sales patterns, on January 1,2021, management determines the useful life of the machine to be a total of seven years. What amount should Panther Co, record for depreciation expense for 2021? $31,500$18,000
please need help in this. here is the response but do not understand why it is dividing by 3
then by 4, could you explain in a simple way?
i will really appreciate your help on this!
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.