Multiple Choice
A machine with a cost of $75,000 has an estimated residual value of $5,000 and an estimated life of four years or 18,000 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method?
A) $17,500
B) $37,500
C) $18,750
D) $16,667
Correct Answer:
Verified
Correct Answer:
Verified
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