Multiple Choice
A company buys a piece of equipment for $48,000.The equipment has a useful life of ten years.Using the double-declining-balance method,the company's depreciation expense in the first year would be:
A) $9,600.
B) $12,000.
C) $4,800.
D) $24,000.
Correct Answer:
Verified
Correct Answer:
Verified
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