Use the Following Information for Questions 47 and 48

question 39

Multiple Choice

Use the following information for questions 47 and 48.
On January 1, 2012, Nobel Corporation acquired machinery at a cost of $1,200,000. Nobel adopted the straight-line method of depreciation for this machine and had been recording depreciation over an estimated life of ten years, with no residual value. At the beginning of 2015, a decision was made to change to the double-declining balance method of depreciation for this machine.
-Assuming a 30% tax rate, the cumulative effect of this accounting change on beginning retained earnings, is

• A) $134,400.
• B) $0.
• C) $157,920.
• D) $225,600.

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Definitions:

Minority Characteristics

Features or attributes that distinguish minority groups from the majority, often relating to race, ethnicity, culture, or social status.

Uncompromising

Not willing to make concessions or change one's position.

Numerous

A term describing a large quantity or number of items, people, or occurrences.

Unanimous

In full agreement; when all members of a group fully agree on a decision or opinion.