Multiple Choice
Murgatroyd Co. purchased equipment on January 1, 2011, for $500,000, estimating a four-year useful life and no residual value. In 2011 and 2012, Murgatroyd depreciated the asset using the sum-of-years'-digits method. In 2013, Murgatroyd changed to straight-line depreciation for this equipment. What depreciation would Murgatroyd record for the year 2013 on this equipment?
A) $75,000.
B) $125,000.
C) $150,000.
D) None of the above is correct.
Correct Answer:
Verified
Correct Answer:
Verified
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