Davinda Corporation acquired equipment at a cost of $720,000 on January 1, 2018. The corporation...
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Accounting
Davinda Corporation acquired equipment at a cost of $720,000 on January 1, 2018. The corporation adopted the sum-of-the-years-digits method of depreciation for this equipment and had been recording depreciation over an estimated life of eight years, with no residual value. At the beginning of 2021, a decision was made to change to the straight-line method of depreciation for this equipment. What will be the depreciation expense for 2021?
A :
$90,000
B :
$144,000
C :
$37,500
D :
$60,000
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