Multiple Choice
On January 1, 2022, a machine with a useful life of five years and a residual value of $2,500 was purchased for $25,000.Using the double diminishing-balance method, the depreciation expense for the year ending December 31, 2023 would be
A) $10,000.
B) $ 9,000.
C) $ 6,000.
D) $ 5,400.
Correct Answer:
Verified
Correct Answer:
Verified
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