Solution-What the amount that cullumber should record

What the amount that cullumber should record

Reference no: EM133076826

Question - On January 1, 2019, Cullumber Corporation acquired machinery at a cost of $1670000. Cullumber 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. What the amount that Cullumber should record as depreciation expense for 2022?

a. $167000.

b. $0.

c. $334000.

d. $501000.

Reference no: EM133076826

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What the amount that cullumber should record

Reference no: EM133076826

Reference no: EM133076826

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