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The original cost of a machine was $1,000,000. Its original salvage value was $100,000 and it had an original useful life of 9 years. In
The original cost of a machine was $1,000,000. Its original salvage value was $100,000 and it had an original useful life of 9 years. In year 4 of the machine's life, the company decided the total useful life of the machine should be 12 years. The salvage value was kept at $100,000. What would the year 4 depreciation expense be?
a) $50,000
b) $100,000
c) $66,667
d) $55,556
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