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Find amount that sunland record as depreciation expense

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Reference no: EM132759139

Question - On January 1, 2019, Sunland Corporation acquired machinery at a cost of $1600000. Sunland adopted the straight-line method of depreciation for this machine and had been recording depreciation over an estimated life of ten years, with no residual value. At the beginning of 2022, a decision was made to change to the double-declining balance method of depreciation for this machine. Find the amount that Sunland should record as depreciation expense for 2022?

a. $160000.

b. $0.

c. $320000.

d. $480000.

Reference no: EM132759139

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