Business
Business, 14.04.2020 21:20, samanthasheets8362

On January 1, 2019, Richard Corporation acquired machinery at a cost of $750,000. The corporation adopted the double-declining balance method of depreciation for this machinery and had been recording depreciation over an estimated useful life of ten years, with no residual value. At the beginning of 2022, a decision was made to change to the straight-line method of depreciation for the machinery. What will be the depreciation expense for 2022?

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