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Business, 02.12.2019 23:20 MaryLIT

O’dell vegetables purchased a harvesting machine on july 1, 2016, for $984,000. the machine was estimated to have a useful life of 8 years with an estimated salvage value of $140,000. o’dell uses the straight-line method of depreciation. during 2019, it became apparent that the machine would become uneconomical after december 31, 2023, and that the machine would have no scrap value. what should be the charge for depreciation in 2019 under generally accepted accounting principles?

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O’dell vegetables purchased a harvesting machine on july 1, 2016, for $984,000. the machine was esti...
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