The equipment is estimated to have a salvage value of 13400, Accounting Basics

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The equipment is estimated to have a salvage value of 13400

A company purchased equipment valued at $200,000 on January 1. The equipment has an estimated useful life of six years or 5 million units. The equipment is estimated to have a salvage value of $13,400. Assuming the straight-line method of depreciation, what is the depreciation for the second year?

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Accounting Basics: The equipment is estimated to have a salvage value of 13400

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Accounting Basics: The equipment is estimated to have a salvage value of 13400

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