Multiple Choice
A company purchased office equipment for $30,000 and estimated a salvage value of $6,000 at the end of its 8-year useful life.The constant percentage to be applied against book value each year if the double-declining-balance method is used is
A) 8%.
B) 12.5%.
C) 25.0%.
D) 2.5%.
Correct Answer:
Verified
Correct Answer:
Verified
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