Multiple Choice
Use the following information for questions:
Maddie Co.purchased a machine on January 1, 2011 for $22,500.The machine had an estimated useful life of 10 years and an estimated residual value of $2,500.The company uses double-declining-balance amortization.
-What will be the amortization expense for 2011?
A) $4,500
B) $3,500
C) $2,250
D) $2,000
Correct Answer:
Verified
Correct Answer:
Verified
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