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A corporate purchased a machine for six thousand dollars on january1 ,year1 , for estimated useful life six years with no salvage value . The machine was been depreciated on a straight-line basis . On january1, year four the corporate determined that the machine had an estimated life of eight years from the date of acquisition . An accounting change was made was made in year four .
1) seventy five thousand $ .
2) zero .
3) sixty thousand $ .
4) one hundred thousand $.
source cpa ex.
2. 0..............................................................................................zero
i guess your question has some problem. Kindly review your question again specially values
Straight line depreciation PA 1,000 for asset life 6 years
PA 750 for revised asset life 8 years
In 3 years 3000 already depreciated so on 4 th year no need for No depreciation charged to PL so ANSWER IS 0
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