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What amount that pharoah should record as depreciation

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problem 1: On January 1, 2019, Pharoah Corporation acquired machinery at a cost of $1720000. Pharoah 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 2022, a decision was made to change to the double-declining balance method of depreciation for this machine. The amount that Pharoah should record as depreciation expense for 2022 is

Option 1: $172000.

Option 2: 0

Option 3: $344000.

Option 4: $516000.

Reference no: EM132795468

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