Essay
On January 1,2011,Always There Services Inc.purchased a new machine for $900,000.The machine had an estimated useful life of 10 years and a salvage value of $250,000.Always There elected to depreciate the machine using the double-declining-balance method.On January 1,2014,the company decided to change to straight-line depreciation.
Ignoring income tax considerations,prepare the entries to record
(1)Always There's 2013 depreciation expense.
(2)Always There's 2014 depreciation expense.
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(2)Book value at 1/1/2014: $9...View Answer
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Correct Answer:
Verified
(2)Book value at 1/1/2014: $9...View Answer
Unlock this answer now
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