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The Method of Depreciation Was Changed from the Double-Declining-Balance Method

Question 75

Multiple Choice

The method of depreciation was changed from the double-declining-balance method to the straight-line method in fiscal 2019.A machine was purchased on January 1,2017,at a cost of $150,000.The machine has an estimated useful life of 10 years and a residual value of $9,000.What was booked as depreciation expense in fiscal 2017?


A) $14,100
B) $15,900
C) $24,000
D) $30,000

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