Multiple Choice
Schager Company purchased a computer system on January 1,2019,at a cash cost of $25,000.The estimated useful life is 10 years,and the estimated residual value is $3,000.The company will use the double declining-balance depreciation method. How much is the 2020 depreciation expense?
A) $5,000.
B) $4,120.
C) $4,000.
D) $3,520.
Correct Answer:
Verified
Correct Answer:
Verified
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