Jenkins, Inc. builds custom machines for manufacturers using robotic equipment. In 2016, the company decided to change from straight-line to double-declining-balance depreciation for its robotic equipment. It changed the life expectancy as follows:
Original cost of robotic equipment
$2,000,000
Accumulated depreciation thru 2015
$800,000
Original life in years
8
Remaining life in years
4
Determine the correct amount of depreciation to expense for 2016.
A) $250,000
B) $300,000
C) $400,000
D) $600,000
Answer: D
Business
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