Badger Corporation purchased a machine for $132,000 on January 1 . 2011, and depreciated it by the straight-line method using an estimated useful life of eight years with no salvage value. On January 1 . 2014, Badger determined that the machine had a useful life of six years from the date of acquisition and will have a salvage value of $12,000 . A change in estimate was made in 2014 to reflect
these additional data. What amount should Badger record as the balance of the accumulated depreciation account for this machine at December 31 . 2014?
a. $73,000
b. $77,000
c. $61,250
d. $63,600
A
You might also like to view...
Give a brief description of each of the following documentation techniques: systems flowchart, and program flowchart
Which of the following items appear on the corporate income statement before Income from continuing operations?
A) Cumulative effect of a change in accounting principle B) Income tax expense C) Extraordinary gain D) Loss on discontinued operations
What do you consider to be the worst mistake a speaker could make in the use of visuals? Explain
The federal government has only those powers granted to it ________
A) incrementally by the states B) in the Declaration of Independence C) in the U.S. Constitution D) by the legal principles of sovereignty and eminent domain