On January 1, 2012, Knapp Corporation Acquired Machinery at a Cost

Multiple Choice

On January 1, 2012, Knapp Corporation acquired machinery at a cost of $750,000. 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 no residual value. At the beginning of 2015, a decision was made to change to the straight-line method of depreciation for the machinery. The depreciation expense for 2015 would be

A) $38,400.
B) $54,858.
C) $75,000.
D) $107,142.