What is the depreciation of the machine

Reference no: EM132722699

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.

Required - What is the depreciation of the machine for 2020?

a. 750,000

b. 600,000

c. 375,000

d. 500,000

Reference no: EM132722699

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