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

question 47

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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.Assume that net income before tax (NIBT) was $80,000 for fiscal 2017.What is the appropriate accounting for fiscal 2017?


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Justified

Considered to be right or reasonable under the circumstances; actions or thoughts that are supported by reason or justice.

Explicit Media

Explicit media refers to content in films, music, video games, and literature that contains graphic depictions of violence, sex, or substance abuse, which may be restricted to certain ages.

Pornography

Material that depicts sexual content explicitly, intended to stimulate erotic rather than aesthetic or emotional feelings.

Dehumanization

The act of depriving a person or group of positive human qualities, making them seem less human.

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