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Use the following to answer question 56: On January 1, 2016, Nobel Corporation acquired machinery at a cost of $1,600,000. Nobel adopted the straight-line method
Use the following to answer question 56: On January 1, 2016, Nobel Corporation acquired machinery at a cost of $1,600,000. Nobel adopted the straight-line method of depreciation for this machine and had been recording depreciation over an estimated life of ten years, with no residual value. At the beginning of 2019 a decision was made to change to the double-declining balance method of depreciation for this machine. 56. The amount that Nobel should record as depreciation expense for 2019 is A) S160,000 B) $224,000. C) S320,000. D) S280,000
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