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What amount should neal report as depreciation expense

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Question - On January 1, 2010, Neal Co., purchased a machine (its only depreciable asset) for $900,000. The machine has a five-year life, and no salvage value. Sum-of-the-years'-digits depreciation has been used for financial statement reporting and the elective straight-line method for income tax reporting Effective January 1, 2013, for financial statement reporting, Piper decided to change to the straight-line method for depreciation of the machine without changing the estimated useful life. Assume that Neal can justify the change. What amount should Neal report as depreciation expense for the year ended December 31, 2013?

Reference no: EM133079431

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