On January 1, 2009, Knapp Corporation Acquired Machinery at a Cost

question 60

Multiple Choice

On January 1, 2009, Knapp Corporation acquired machinery at a cost of $250,000.Knapp adopted the double-declining balance method of depreciation for this machinery and had been recording depreciation over an estimated useful life of ten years, with no residual value.At the beginning of 2012, a decision was made to change to the straight-line method of depreciation for the machinery.The depreciation expense for 2012 would be

• A)$12,800.
• B)$18,286.
• C)$25,000.
• D)$35,714.

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