Multiple Choice
Use the following data to answer questions 5 through 9:
Davis Company purchased a new piece of equipment on July 1, 2014 at a cost of $1,800,000. The equipment has an estimated useful life of 5 years and an estimated salvage value of $150,000. The current year end is 12/31/15. Davis records depreciation to the nearest month.
-What is double-declining-balance depreciation for 2015?
A) $432,000.
B) $576,000.
C) $660,000.
D) $720,000.
Correct Answer:

Verified
Correct Answer:
Verified
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