Multiple Choice
A plant asset cost $144,000 and is estimated to have an $18,000 salvage value at the end of its 8-year useful life. The annual depreciation expense recorded for the third year using the double-declining-balance method would be
A) $12,060.
B) $20,250.
C) $17,718.
D) $13,785.
Correct Answer:
Verified
Correct Answer:
Verified
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