208,563 views
23 votes
23 votes
Q 9.22: Aledo Manufacturing utilizes a calendar year as its fiscal year and depreciates plant assets using the straight-line method. On January 2nd, 2017, the company purchased a semi-truck for $215,000 with a useful life of ten years and an estimated salvage value of $23,000. On January 1st, 2022, the company decides to extend the useful life to twelve years while decreasing the estimated salvage value to $21,000. What amount will Aledo report as depreciation expense for the year ended December 31st, 2022

User Tallgirltaadaa
by
2.7k points

1 Answer

8 votes
8 votes

Answer:

$3,000

Step-by-step explanation:

The depreciation expense for the year ended December 31st, 2022 is $3,000

User Khawar Islam
by
2.8k points