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Doug Smith Industries purchased warehouses for $99 million (ne residual value) at the beginning of 2021 . The warehouses were being depreciated over a 10year.

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Doug Smith Industries purchased warehouses for $99 million (ne residual value) at the beginning of 2021 . The warehouses were being depreciated over a 10year. ife using the sum-of-the-years'-digis method. At the beginning of 2024 , management decided to change to straight-lne, lgnoring taxes, the 2024 sdjusting entry Will inchude a debit to depreciation expense of: Note: Round your answer to 2 decimal places. Mutple Choice $4860 mimon. 17.20 malion 5290 millon. 55049 million

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