Maneesh 02 May 2020 at 11:06 AM

On January 2, 20X6, Unex Co. purchased a machine for $264,000 and depreciated it by the straight-line method using an estimated useful life of 8 years and no salvage value. On January 2, 20X9, Unex determined that the machine had a useful life of 6 years from the date of acquisition and will have a salvage value of $24,000. An accounting change was made in 20X9 to reflect the additional data. The accumulated depreciation for the machine should have a balance at December 31, 20X9 of:
A) 146000
B)154000
C) 160000
D) 176000