On January 1, year 1, Bray Company purchased for P 240,000 a machine with a useful life of ten years and no salvage value. The machine was depreciated by the double-declining balance method and the carrying amount of the machine was P 153,600 on December 31, year 2. Bray changed to the straight-line method on January 1, year 3. Bray can justify the change. What should be the depreciation expense on this machine for the year ended December 31, year 3? O 15,360 O 19,200 O 30,720 O 24,000

On January 1, year 1, Bray Company purchased for P 240,000 a machine with a useful life of ten years and no salvage value. The machine was depreciated by the double-declining balance method and the carrying amount of the machine was P 153,600 on December 31, year 2. Bray changed to the straight-line method on January 1, year 3. Bray can justify the change. What should be the depreciation expense on this machine for the year ended December 31, year 3? O 15,360 O 19,200 O 30,720 O 24,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

5 basic of pulic sector ethics
Answers are 30. A 31.C How do you get to these?
Plz solve A and B !!
45- An information will have predictive value if it can help to. a. Predict the environment b. Predict the present c. Predict the future d. Predict the past
Q25
Q30
P10.5
Q.22
Sh16
Question 25 Case studies are usually descriptive in nature. O True O False
it say 43,636.36 is incorrect
how do i do PR 13-3A