Popeye company purchased a machine for $420,000 on january 1, 2010. popeye depreciates machines of this type by the straight-line method over a five-year period using no salvage value. due to an error, no depreciation was taken on this machine in 2010. popeye discovered the error in 2011. what amount should popeye record as depreciation expense for 2011? the tax rate is 40%.

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

under straight lime method of depreciation ,same amount of depreciation is charged for every year

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

This type of cross-functional group is known as "BUYING CENTER".

A buying center is a gathering of workers, relatives, or individuals from an association in charge of concluding real buy choices. In a business setting, real buys ordinarily require contribution from different parts of the association, for example, back, bookkeeping, acquiring, data innovation administration, and senior administration. Exceedingly specialized buys, for example, data frameworks or generation gear, likewise require the ability of specialized experts. Sometimes the purchasing focus is a casual specially appointed gathering, however in different cases, it is a formally authorized gathering with particular orders, criteria, and strategies.