Use the Following Information for Questions

question 31

Multiple Choice

Use the following information for questions.
Ventura Corporation purchased machinery on January 1, 2009 for $630,000.The company used the sum-of-the-years'-digits method and no salvage value to depreciate the asset for the first two years of its estimated six-year life.In 2010, Ventura changed to the straight-line depreciation method for this asset.The following facts pertain:

-The amount that Ventura should report for depreciation expense on its 2011 income statement is

• A)$120,000.
• B)$105,000.
• C)$75,000.
• D)none of the above.

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