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What would be the total R-E amount

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Question - The Drew Company purchases a $100,000 fixed asset on January 1, YR8. The asset has a useful life of 5 years with a $10,000 net salvage value. Drew depreciates this asset on Dec. 31 of each year. For two years, Drew uses the sum of the years ' digits method of depreciation, but on January 1, YR10, it changes to the straight -line method of depreciation. No other estimates changed. What would be the total R / E amount to restate as of Jan. 1, YR10?

Reference no: EM132593755

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