Answer:
Revised annual depreciation $9,380
Explanation:
Equipment $59,000
Accumulated Depreciation – Equipment $9,600
Useful life of 7 years
Salvage value of $2,500
Annual Depreciation updated
$59,000 - $9,600 - $2,500 = $,9380
To find the revised annual depreciation we have to deduct of the total equipment the accumulated depreciation Year to Date.
$59,000 - $9,600 = $49,400
At this value we have to substract the Salvage Value of the equipment,
$49,400 - $2,500 = $46,900
So, the revised annual depreciation it's $ $46,900 / 5 Years = $9,380
