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On January 1, 2008, Neal Corporation acquired equipment at a cost of $540,000. Neal adopted the sum-of-the-years'-digits method of depreciation for this equipment and had been recording depreciation over an estimated life of eight years, with no residual value. At the beginning of 2011, a decision was made to change to the straight-line method of depreciation for this equipment. The depreciation expense for 2011 would be:

A) $28,125.

B) $45,000.

C) $67,500.

D) $108,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9441597

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