On January 1, 2016, Nobel Corporation acquired machinery at a cost of $1,600,000. Nobel adopted the straight-line method of depreciation for this machine and had been recording depreciation over an estimated life of ten years, with no residual value. At the beginning of 2019, a decision was made to change to the double-declining balance method of depreciation for this machine.
8. . The amount that Nobel should record as depreciation expense for 2019 is $??
EXACT AMOUNT – DON’T ROUND
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