Bonita Industries purchased a depreciable asset for $587000 on January 1, 2018. The estimated salvage value is $56000, and the estimated useful life is 9 years. The straight-line method is used for depreciation. In 2021, Bonita changed its estimates to a total useful life of 5 years with a salvage value of $83000. What is 2021 depreciation expense

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income statement is prepared in order to show the profits and loss of a business. in order to prepare the income statement she should collect all the income and expenses of the product with the cost of production.

u = 30

continuing your method

= +

subtract from both sides

= - thus

= -

= ⇒ u = 30

answer; customers within the organization