Straight-line method of depreciation for the machinery

Reference no: EM13151425

On January 1, 2008, Knapp Corporation acquired machinery at a cost of $250,000. Knapp adopted the double-declining balance method of depreciation for this machinery and had been recording depreciation over an estimated useful life of ten years, with no residual value. At the beginning of 2011, a decision was made to change to the straight-line method of depreciation for the machinery. The depreciation expense for 2011 would be:

A) $12,800.

B) $18,286.

C) $25,000.

D) $35,714.

Reference no: EM13151425

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