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On January 1, 2024, Sandhill Co. purchased a machine for 1788000 and depreciated it by the straight-line method using an estimated useful life of 8
On January 1, 2024, Sandhill Co. purchased a machine for 1788000 and depreciated it by the straight-line method using an estimated useful life of 8 years with no salvage value. On January 1, 2027, Sandhill determined that the machine had a useful life of 6 years from the date of acquisition and will have a salvage value of 177000. An accounting change was made in 2027 to reflect these additional data. What balance should accumulated depreciation for this machine have at December 31, 2027?
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