On january 1, 2022, the blossom company ledger shows equipment $48,700 and accumulated depreciation $18,200. the depreciation resulted from using the straight-line method with a useful life of 10 years and a salvage value of $3,200. 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.

Warner inc. sells a high-speed retrieval system for mining information. it provides the following information for the year. budgeted actual overhead cost $965,700 $905,000 machine hours 58,570 49,200 direct labor hours 107,300 104,200 overhead is applied on the basis of direct labor hours. compute the predetermined overhead rate. predetermined overhead rate $ per direct labor hour link to text determine the amount of overhead applied for the year. the amount of overhead applied $