Hybrid Ltd. purchased equipment on January 1, 2019, for $900,000, estimating a six-year useful life and no
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Hybrid Ltd. purchased equipment on January 1, 2019, for $900,000, estimating a six-year useful life and no residual value. In 2019 and 2020, Hybrid depreciated the asset using the straight-line method. In 2021, Hybrid changed to sum-of-years'-digits depreciation for this equipment. What depreciation would Hybrid record for the year 2021 on this equipment? (Do not round your depreciation rate.)
a). $150,000.
b). $120,000.
c). $240,000.
d). $300,000.
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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