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

question 75

Multiple Choice

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.What was booked as depreciation expense in fiscal 2017?

• A)$14,100
• B)$15,900
• C)$24,000
• D)$30,000

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