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What the depreciation expense

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Reference no: EM133015767

Question - On January 1, 2019, Knapp Corporation acquired machinery at a cost of $1,250,000. 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 a residual value of $ 10,000. At the beginning of 2022, a decision was made to change to the straight-line method of depreciation for the machinery. What the depreciation expense for 2022?

a. $64,000.

b. $90,000.

c. $125,000.

d. $178,570.

Reference no: EM133015767

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