On january 1 2011 gazelle corporation acquired machinery at, Ask an Expert

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On January 1, 2011, Gazelle Corporation acquired machinery at a cost of $700,000. Gazelle adopted the double-declining balance method of depreciation for this machinery and had been recording depreciation over an estimated useful life of 10 years, with no residual value. At the beginning of 2013, a decision was made to change to the straight-line method of depreciation for the machinery. what should be the depreciation expense for 2013 ?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M942299

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