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c. $207500. d. 5166000 . inswer: 9. On January 1, 2022, Neal Corporation acquired equipment at a cost of $840,000. Neal adopted the sum-of-the-years'-digits method
c. $207500. d. 5166000 . inswer: 9. On January 1, 2022, Neal Corporation acquired equipment at a cost of $840,000. Neal 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 2025, a decision was made to change to the straight-line method of depreciation for this equipment. Depreciation expense for 2025 would be a. $43,750. b. $70,000. c. $105,000. d. $168,000
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