Sandhill Company purchased a machine on January $1,2022$ for $$945000.$ At the date of acquisition, the machine had an estimated useful life of $6$ years with no salvage. The machine is being depreciated on a straight$-$line basis. On January $1,2025,$ Sandhill determined, as a result of additional information, that the machine had an estimated useful life of $8$ years from the date of acquisition with no salvage. An accounting change was made in $2025$ to reflect this additional information.

What amount of depreciation expense on this machine should be charged in Sandhill's income statement for the year ended December $31,2025?$

 

Answer rating: 100% (QA)

1 Original Information as of January 1 2022 Machine Purchase Cost 945000 Estimated Useful Life 6 yea... View the full answer