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

Question 132

Multiple Choice

The method of depreciation was changed from the double-declining-balance method to the straight-line method in fiscal 2013. A machine was purchased on January 1, 2011, at a cost of $150,000. The machine has an estimated useful life of 10 years and a residual value of $9,000. What adjustment is needed for fiscal 2012?


A) $9,900
B) $10,000
C) $20,000
D) $30,000

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