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Jenkins, Inc. builds custom machines for manufacturers using robotic equipment. In 2016, the company decided to change from straight-line to double-declining-balance depreciation for its robotic
Jenkins, Inc. builds custom machines for manufacturers using robotic equipment. In 2016, the company decided to change from straight-line to double-declining-balance depreciation for its robotic equipment. It changed the life expectancy as follows:
Original cost of robotic equipment $2,000,000
Accumulated depreciation through 2015 $800,000
Original life in years 8
Remaining life in years 4
Determine the correct amount of depreciation to expense for 2016.
A. $250,000
B. $600,000
C. $300,000
D. $400,000
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