Multiple Choice
A plant asset cost $192,000 and is estimated to have a $24,000 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) $16,080.
B) $27,000.
C) $23,625.
D) $18,375.
Correct Answer:
Verified
Correct Answer:
Verified
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