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Question 20 4 p. On January 1, 2019, Desert Corporation acquired machinery at a cost...

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Question 20 4 p. On January 1, 2019, Desert Corporation acquired machinery at a cost of $1,250,000. Desert 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 salvage value. At the beginning of 2021, a decision was made to change to the straight-line method of depreciation for the machinery. The depreciation expense for 2021 would be O $80.000 O $114,288 O $91.429 O $100.000 Question 21 4 pts The information shown below is taken from the accounts of Waverly Corporation for the year ended December 31, 2020 Net income $314,000 12.000 Amortization of patent Proceeds from issuance of common stock 103.000 Decrease in inventory 27.000 00 - 20 F3 COS 000 bu FB 88 FS F2 A @ $ % 5 & 7 ) 0 2 8 9 6 W E R Y T 0 U

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