On january 1 2011 miller changed to the straight-line, Ask an Expert

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On January 1, 2010, Miller Company purchased for $275,000 a machine with an estimated useful life of 10 years and no salvage value. The machine was depreciated using the sum-of-the-years' digits method. On January 1, 2011, Miller changed to the straight-line method of depreciation. The estimated useful life has not changed. Miller can justify the change. What should be the depreciation expense on this machine for the year ended December 31, 2011?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9437994

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