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On January 1, 2010, Patti Company Purchased a Machine for $140

Question 38

Multiple Choice

On January 1, 2010, Patti Company purchased a machine for $140, 000.Patti depreciated the machine over ten years with a $40, 000 salvage value.On January 1, 2014, Patti determined that the total useful life of the machine should be eight years with a salvage value of $18, 000.What is the depreciation expense on the machine for 2014?


A) $10, 500
B) $12, 500
C) $14, 000
D) $20, 500

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