Murgatroyd Co. purchased equipment on January 1, 2019, for $910,000, estimating a five-year useful life...
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Accounting
Murgatroyd Co. purchased equipment on January 1, 2019, for $910,000, estimating a five-year useful life and $110,000 residual value. In 2019 and 2020, Murgatroyd depreciated the asset using the double-declining-balance method. In 2021, Murgatroyd changed to straight-line depreciation for this equipment. What depreciation would Murgatroyd record for the year 2021 on this equipment? (Do not round your depreciation rate.)
Multiple Choice
- $ 72,533.
- $92,000.
- $85,333.
- $190,000.
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