On January 1, 2022, Cullumber Corporation acquired machinery for $1720000. Cullumber adopted the straight-line method...
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On January 1, 2022, Cullumber Corporation acquired machinery for $1720000. Cullumber adopted the straight-line method of depreciation for this machine and had been recording depreciation over an estimated life of ten years, with no residual value. At the beginning of 2025, a decision was made to change to the double-declining balance method of depreciation for this machine. The amount that Cullumber should record as depreciation expense for 2025 is A.$344000 B.$301000 C. $172000 D.$240800. 
On January 1,2022, Cullumber Corporation acquired machinery for $1720000. Cullumber adopted the straight-line method of depreciation for this machine and had been recording depreciation over an estimated life of ten years, with no residual value. At the beginning of 2025, a decision was made to change to the double-declining balance method of depreciation for this machine. The amount that Cullumber should record as depreciation expense for 2025 is $344000 $301000 $172000. $240800
On January 1, 2022, Cullumber Corporation acquired machinery for $1720000. Cullumber adopted the straight-line method of depreciation for this machine and had been recording depreciation over an estimated life of ten years, with no residual value. At the beginning of 2025, a decision was made to change to the double-declining balance method of depreciation for this machine. The amount that Cullumber should record as depreciation expense for 2025 is
A.$344000
B.$301000
C. $172000
D.$240800.
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