Intermediate Accounting 14th Edition

by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.

Published by Wiley

ISBN 10: 0470587237

ISBN 13: 978-0-47058-723-2

Chapter 11 - Depreciation, Impairments, and Depletion - Questions - Page 635: 13

Answer

$ 86,667

Work Step by Step

Original estimate: 2,500,000 ÷ 50 = 50,000 per year Depreciation to January 1, 2013: 50,000 X 24 = 1,200,000 Depreciation in 2013 (2,500,000 – 1,200,000) ÷ 15 years = 86,667

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