13.Equipment was purchased at the beginning of 2015 for $218,000. At the time of its purchase, the equipment was estimated to have a useful life of six years and a salvage value of $20,000. The equipment was depreciated using the straight-line method. At the beginning of 2018, the estimate of useful life was revised to a TOTAL life of nine years (to 1/1/24) and the expected salvage value was changed to $11,000. The amount to be recorded for depreciation for 2018, reflecting these changes in estimates, is:

Select one:

a. $18,167

b. $19,833

c. $12,000

d. $13,222

e. $18,000

12.

Rye Co. purchased a machine with a five-year estimated useful life and an estimated 10% salvage value for $80,000 on January 1, 2012. In its income statement, what would Rye report as the Accumulated Depreciation on the12/31/13 balance sheet using the double-declining-balance method?

Select one:

a. $60,000

b. $28,800

c. $51,200

d. $20,000

e. $19,200