Compute depreciation expense for the year ending December 31, 2013, if Jackson Corporation uses straight-line depreciation.

Compute depreciation expense for the year ending December 31, 2013, if Jackson Corporation uses straight-line depreciation.

Jackson Corporation
acquired equipment on January 1, 2010, for $320,000. The equipment had an
estimated useful life of 10 years and an estimated salvage value of $25,000. On
January 1, 2013, Jackson Corporation revised the total useful life of the
equipment to 8 years and the estimated salvage value to be $20,000. Compute
depreciation expense for the year ending December 31, 2013, if Jackson
Corporation uses straight-line depreciation.

A)
$26,477

B)
$39,300

C)
$42,300

D)
$46,300



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