Multiple Choice
Murgatroyd Co.purchased equipment on January 1,2014,for $500,000,estimating a four-year useful life and no residual value.In 2014 and 2015,Murgatroyd depreciated the asset using the sum-of-years'-digits method.In 2016,Murgatroyd changed to straight-line depreciation for this equipment.What depreciation would Murgatroyd record for the year 2016 on this equipment?
A) $ 75,000.
B) $125,000.
C) $150,000.
D) None of these answer choices are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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