a. A retroactive change in the amount of periodic depreciation recognized in b.That no change be made in the period depreciation so that depreciation cThat the amount of periodic depreciation be changed in the current year d. That income for the current year be increased. 5. A change in the estimated useful life of equipment requires previous years amounts are comparable over the life of the asset. and in future years. On October 1,20%, Duncan Company places a new asset into service. The cost of the asset is $12,000 with an estimated-5-year life and $3,000 salvage value at the end of its useful life. 6. What is the depreciation expense for 2,osfif Duncan Company uscs the straight- line method of depreciution? $450. $2,400 c. $600 d. $1,200. 7. What is the book value of the plant asset on the Decembor 31, /alance shect assuming that Duncan Company uaes the double - declining-balance method of depreciation? a. $7,800. $9,000. c$10,800. $11,400. A company just started businoss made the following foar inventory purchases in June Juno 1 June 10 June 15 June 28 150 units 200 units 200 units 150 units 750 1, 200 1,260 S 4, 200 A physical count of merchandise inventory on June 30 revcals that there are 300 units on hand 8 Using the LITO inventory method, the value of the ending inventory on lune 30 is a.) $1,650. $1,935 c. $2,265. d. $2,550