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n6 On 1 January 2015: ed n out of A Company has a Machine which cost $100,000. Accumulated Depreciation to date on the Machine is
n6 On 1 January 2015: ed n out of A Company has a Machine which cost $100,000. Accumulated Depreciation to date on the Machine is $20,000 Residual Value is Zero. The total useful life of the Machine is 10 years and there are 8 years of useful life remaining. The Company uses straight line depreciation. The Company has revised the total useful life of the Machine to 18 years on 1 January 2015. The accounting year-end is 31 December each year. The required adjustment to the Depreciation charge for the year-ended 31 December 2013 is: Select one: O a. None of these options O b. Decrease in Depreciation expense of $7,250 c. Increase in Depreciation expense of $5,000 O d. Zero i.e., No adjustment required e. Decrease in Depreciation expense of $5,000
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