exam. Please allocate your time and effort accordingly. READ THE QUESTIONS CAREFULLY & Good luck! ites to complete the D Question 27 2.5 pts On January 1, 2019, the Blackwell Investment Company purchased a machine for $360,000. The company expects the service life of the machine to be five years and its anticipated residual value to be $21,600. The company's fiscal year-end is December 31 and the double-declining-balance (DDB) depreciation method is used. During 2021, the company switched from the double- declining-balance to the straight-line method and estimated that they would still be able to use the machine until the end of 2024. In 2022, the adjusting entry to depreciation expense is: $54,000 $21,600 $36,000 $27,000 Previous Next