Sum-of-the-years-digits depreciation method, Accounting Basics

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Sum-of-the-years-digits depreciation method

B Company switched from the sum-of-the-years-digits depreciation method to straight-line depreciation in 2009. The change affects machinery purchased at the beginning of 2007 at a cost of $72,000. The machinery has an estimated life of five years and an estimated residual value of $3,600. What is B's 2009 depreciation expense?

A. $ 8,400
B. $13,680
C. $15,840
D. $19,200

Calculations and Rationale for answer.

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Accounting Basics: Sum-of-the-years-digits depreciation method

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Accounting Basics: Sum-of-the-years-digits depreciation method

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