Business, 19.05.2020 16:59, morganpl415

On January 1, 2017, Al's Sporting Goods purchased store fixtures at a cost of $180,000. The anticipated service life was 10 years with no residual value. Al's has been using the double-declining balance method, but in 2019 adopted the straight-line method because the company believes it provides a better measure of income. Al's has a December 31 year-end. The journal entry to record depreciation expense for 2019 is:.
A. Depreciation expense $23,040
Accumulated depreciation $23,040
B. Depreciation expense $14,400
Accumulated depreciation $14,400
C. Accumulated depreciation $28,800
Retained earnings $28,800
D. No entry

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On January 1, 2017, Al's Sporting Goods purchased store fixtures at a cost of $180,000. The anticipa...