Multiple Choice
On January 1 a machine with a useful life of five years and a residual value of $30000 was purchased for $90000. What is the depreciation expense for year 2 under the double-declining-balance method of depreciation?
A) $21600
B) $36000
C) $28800
D) $17280
Correct Answer:
Verified
Correct Answer:
Verified
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