Multiple Choice
On January 1, a machine with a useful life of five years and a residual value of $80,000 was purchased for $240,000.What is the depreciation expense for year 2 under the double-declining-balance method of depreciation?
A) $57,600.
B) $96,000.
C) $76,800.
D) $46,080.
Correct Answer:
Verified
Correct Answer:
Verified
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