On January 1, 2023, Blette Company purchased a machine for $240,000 with a useful life...
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On January 1, 2023, Blette Company purchased a machine for $240,000 with a useful life of 10 years and no salvage value. The machine was depreciated using the double-declining balance (DOB) method, and the carrying amount of the machine was $155,200 on December 31,2024 . Blette changed to the straight-line method on January 1, 2025. Blette can justify the change. What should be the depreciation expense on this machine for the year ended December 31, 2025? $19,400 $24,000 $15,520 $31,040
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On January 1, 2023, Blette Company purchased a machine for $240,000 with a useful life of 10 years and no salvage value. The machine was depreciated using the double-declining balance (DOB) method, and the carrying amount of the machine was $155,200 on December 31,2024 . Blette changed to the straight-line method on January 1, 2025. Blette can justify the change. What should be the depreciation expense on this machine for the year ended December 31, 2025? $19,400 $24,000 $15,520 $31,040 