Doug smith industries purchased warehouses for $132 million (no residual value) at the beginning of 2018 the
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Question:
Doug smith industries purchased warehouses for $132 million (no residual value) at the beginning of 2018 the warehouses were being depreciated over a 10year life using the sum of the years' digits method at the beginning of 2021, management decided to change to straight-line ignoring taxes, the 2021 adjusting entry will include a debit to depreciation expense of
Multiple Choice
- $8.80 million
- $59.40 million
- $12.10 million
- $61.60 million
Related Book For
Intermediate Accounting
ISBN: 978-0078025839
9th edition
Authors: J. David Spiceland, James Sepe , Mark Nelson , Wayne Thomas
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