Evaluate the depreciation expense for 2014

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Reference no: EM1373922

As of January 1, 2011, Survival Industries, Inc. brought a boat at a cost of $360,000.

When purchased, the corporation was using the double-declining depreciation method.

Key info on the asset at time of purchase is the subsequent.

Estimated useful life is 6 years.

Residual Value is $0.

At the starting of 2014, the CFO decided to change to straight-line depreciation method.

Evaluate the depreciation expense for 2014.

Reference no: EM1373922

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