Multiple Choice
On January 1, 2013, a machine with a useful life of five years and a residual value of $2,500 was purchased for $25,000. Using the double-declining-balance method, the depreciation expense for the year ending December 31, 2014 would be
A) $5,400
B) $10,000
C) $9,000
D) $6,000
Correct Answer:
Verified
Correct Answer:
Verified
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