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Current Attempt in Progress Ivanhoe Company purchased a machine on January 1 , 2 0 2 2 for $ 8 9 1 0 0 0
Current Attempt in Progress
Ivanhoe Company purchased a machine on January for $ At the date of acquisition, the machine had an estimated
useful life of years with no salvage. The machine is being depreciated on a straightline basis. On January Ivanhoe
determined, as a result of additional information, that the machine had an estimated useful life of years from the date of acquisition
with no salvage. An accounting change was made in to reflect this additional information.
What amount of depreciation expense on this machine should be charged in Ivanhoe's income statement for the year ended December
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