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On January 1,2011,Shine Services Inc

Question 74

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On January 1,2011,Shine Services Inc.purchased a new machine for $600,000.The machine had an estimated useful life of eight years and a salvage value of $150,000.Shine 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
On January 1,2011,Shine Services Inc.purchased a new machine for $600,000.The machine had an estimated useful life of eight years and a salvage value of $150,000.Shine 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

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