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Doug Smith Industries purchased warehouses for $99 million {no residual value} at the beginning of 2018. The warehouses were being depreciated over a 10year life
Doug Smith Industries purchased warehouses for $99 million {no residual value} at the beginning of 2018. The warehouses were being depreciated over a 10year life using the sumpf-theyears'digits method. At the beginning of 2021, management decided to change to straightline. Ignoring taxes, the 2021 adjusting entr'yI will Include a debit to depreciation expense of: (Round your answer to 2 decimal places]: Multiple Choice 0 $120 million $50.40 million 0 0 $9.90 mllllon 0 $48.60 million
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