solved : On January 1, 2017, SJ Ltd.. bought machinery for $800,000.
On January 1, 2017, SJ Ltd.. bought machinery for $800,000. The companyapplied double declining balance depreciation for this asset, with an estimated life of eight years, and an estimated $ 150,000 residual value. At the beginning of 2020, SJ Ltd. decided to change to the straight-line method of depreciation for this equipment to better reflect asset utility and appropriately treated the change as a change in estimate.Determine the depreciation expense to record on this machine for 2020.Accounting Business Financial Accounting COMM 450
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