Able Company bought a machine on January 1, 2008 for $80,000. At the time the machine was purchased it was estimated to have an 8-year useful life and a $4,000 salvage value. Able uses straight-line depreciation
During 2014, before the adjusting entry for depreciation was made, Able revised the estimated useful life of the machine to a total of ten years, with an estimated salvage value of $0. How much depreciation expense should the company report for the year ended December 31, 2014?
A) $5,000
B) $5,750
C) $4,400
D) $9,500
B
Business
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Fill in the blank(s) with correct word.
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Past-oriented cultures, where time is linear, are likely to react fairly quickly to change
a. true b. false
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