Multiple Choice
On January 1, a machine with a useful life of five years and a residual value of $15,000 was purchased for $45,000. What is the depreciation expense for year 2 under the double-declining-balance method of depreciation?
A) $10,800
B) $18,000
C) $14,400
D) $8,640
Correct Answer:
Verified
Correct Answer:
Verified
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