Question: Discussion (Change in Accounting Method) Harley Davis Inc. started its unicycle manufacturing business in 2023 and acquired $600,000 of equipment at the beginning of 2023.
Discussion (Change in Accounting Method) Harley Davis Inc. started its unicycle manufacturing business in 2023 and acquired $600,000 of equipment at the beginning of 2023. It decided to use the double-declining balance (DDB) depreciation on its equipment with no residual value and a 10-year useful life. In 2025 it changed to the straight-line depreciation method. Depreciation computed for 2023-2024 is presented below: Year DDB 2023 $120,000 2024 96,000 In 2025, what would Harley Davis report for depreciation expense? (Show me your work) (Note: Please post your answer by using "Add a new discussion topic" button below.)
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