Munson Company switched from the sum-of-the-years-digits depreciation method to straight-line depreciation in 2022. The change affects machinery purchased at the beginning of 2020 at a cost of $82,500. The machinery has an estimated life of five years and an estimated residual value of $4,125. What is Munson's 2022 depreciation expense?
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Home » Business » Munson Company switched from the sum-of-the-years-digits depreciation method to straight-line depreciation in 2022. The change affects machinery purchased at the beginning of 2020 at a cost of $82,500.