Multiple Choice
Farr Company purchased a new van for floral deliveries on January 1, 2010. The van cost $36,000 with an estimated life of 5 years and $9,000 salvage value at the end of its useful life. The double-declining-balance method of depreciation will be used. What is the depreciation expense for 2010?
A) $7,200
B) $5,400
C) $10,800
D) $14,400
Correct Answer:
Verified
Correct Answer:
Verified
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