As of January 1, 2011, Survival Industries, Inc. brought a boat at a cost of $360,000.
When purchased, the corporation was using the double-declining depreciation method.
Key info on the asset at time of purchase is the subsequent.
Estimated useful life is 6 years.
Residual Value is $0.
At the starting of 2014, the CFO decided to change to straight-line depreciation method.
Evaluate the depreciation expense for 2014.