Multiple Choice
Use the following information for questions
On January 1, 2022, Flowers Unlimited purchased a new delivery van.The van cost $35,000 with an estimated life of 5 years and $5,000 residual value.Double diminishing-balance depreciation will be used.
-What is the depreciation expense for calendar 2022?
A) $ 3,000
B) $ 6,000
C) $12,000
D) $14,000
Correct Answer:
Verified
Correct Answer:
Verified
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