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What is the depreciation of the machine

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Reference no: EM132704727

Question - Blue company purchased a machine on January 1,2017 for 6,000,000. At the date acquisition the machine has a life of six years with no residual value. The machine was decorated on a straight line basis.

On January 1, 2020 the entity determined that the machine has a useful life of eight years from the date of acquisition with no residual value.

What is the depreciation of the machine for 2020?

a. 750,000

b. 600,000

c. 375,000

d. 500,000

Reference no: EM132704727

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