Business, 12.11.2019 00:31 alyssabalinnt

Swift company purchased a machine on january 1, 2016, for $900,000. at the date of acquisition, the machine had an estimated useful life of six years with no salvage. the machine is being depreciated on a straight-line basis. on january 1, 2019, swift determined, as a result of additional information, that the machine had an estimated useful life of eight years from the date of acquisition with no salvage. an accounting change was made in 2019 to reflect this additional information. what is the amount of depreciation expense on this machine that should be charged in swift's income statement for the year ended december 31, 2019? 1. $225,0002. $90,0003. $112,5004. $180,000

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Swift company purchased a machine on january 1, 2016, for $900,000. at the date of acquisition, the...

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