On january 1, 2022, the sheridan company ledger shows equipment $48,400 and accumulated depreciation $17,960. the depreciation resulted from using the straight-line method with a useful life of 10 years and a salvage value of $3,500. on this date, the company concludes that the equipment has a remaining useful life of only 2 years with the same salvage value. compute the revised annual depreciation. the revised annual depreciation $enter the revised annual depreciation in dollars

$13,470

Explanation:

Cost = $48,400

Accumulated Depreciation = $17,960

Salvage Value = $3500

Useful Life =  2 Years

Book Value = Cost - Accumulated Depreciation

= $48,400 - $17,960

= $30,440

Revised Annual Depreciation = (Book Value - Salvage Value) / Useful Life

= ($30,400 - $3,500) / 2

= $13,470

Hence the revised annual depreciation will be $13,470 annually.

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20

answer; coefficient of correlation;