In 2011 broadway changed to sum-of-years-digits, Ask an Expert

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Broadway Ltd. purchased equipment on 1/1/09 for $800,000, estimating a five-year useful life and no residual value. In 2009 and 2010, Broadway depreciated the asset using the straight-line method. In 2011, Broadway changed to sum-of-years'-digits depreciation for this equipment. What depreciation would Broadway record for the year 2011 on this equipment?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M964498

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