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On January 1, 2019, Blossom Co. purchased a machine for $2268000 and depreciated it by the straight-line method using an estimated useful life of 8
On January 1, 2019, Blossom Co. purchased a machine for $2268000 and depreciated it by the straight-line method using an estimated useful life of 8 years with no salvage value. On January 1,2022, Blossom determined that the machine had a useful life of years from the date of acquisition and will have a salvage value of $174000. An accounting change was made in 2022 to reflect these additional data. The accumulated depreciation for this machine should have a balance at December 31, 2022 of $1396000.$1265000.$1512000.$1323000
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