Multiple Choice
An equipment was purchased for $15,000.It has a useful life of 5 years and a residual value of $4,000.Determine the depreciation expense for the first year using the double-declining-balance method?
A) $5,400
B) $6,000
C) $2,200
D) $2,600
Correct Answer:
Verified
Correct Answer:
Verified
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