On January 1, 2016 Murgatroyd Co. purchased equipment for OMR 30,000, estimating a four-year useful life and no residual value. In 2016 and 2017, Murgatroyd depreciated the asset using straight-line method. In 2018, Murgatroyd changed to the sum-of-years'-digits method for this equipment. What depreciation would Murgatroyd record for the year 2018 on this equipment?    Select one: A. 5,000 B. 10,000 C. 6,500 D. 9,000

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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On January 1, 2016 Murgatroyd Co. purchased equipment for OMR 30,000, estimating a four-year useful life and no residual value. In 2016 and 2017, Murgatroyd depreciated the asset using straight-line method. In 2018, Murgatroyd changed to the sum-of-years'-digits method for this equipment. What depreciation would Murgatroyd record for the year 2018 on this equipment? 


 

Select one:
A.
5,000
B.
10,000
C.
6,500
D.
9,000
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