Multiple Choice
Use the following information for questions 45-46.
Picton Farms purchased some equipment on January 1, 2017 for $12,600. The equipment has an estimated useful life of 10 years and an estimated residual value of $1,200. The company uses double-declining-balance depreciation.
-Depreciation expense for 2017 would be
A) $1,140.
B) $1,260.
C) $2,280.
D) $2,520.
Correct Answer:

Verified
Correct Answer:
Verified
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