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

question 111

Multiple Choice

The method of depreciation was changed from the double-declining-balance method to the straight-line method in fiscal 2013. A machine was purchased on January 1, 2011, at a cost of $150,000. The machine has an estimated useful life of 10 years and a residual value of $9,000. What adjustment is needed for fiscal 2011?

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

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Definitions:

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A work arrangement in which employees perform their job duties from outside the traditional office environment, often from home, leveraging digital technologies.

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The degree to which something is seen or recognized, often referring to how well an organization's actions, products, or services are perceived and understood by its audience.

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The state of being separated from others or the feeling of being alone and unsupported, which can occur in both physical and social contexts.