Multiple Choice
An equipment was purchased for $30,000.It has a useful life of 5 years, and a residual value of $4,000.Compute the depreciation expense for the second year using the double-declining-balance method.
A) $5,200
B) $6,000
C) $6,240
D) $7,200
Correct Answer:
Verified
Correct Answer:
Verified
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