Multiple Choice
A plant asset cost $128,000 and is estimated to have a $16,000 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) $10,720.
B) $18,000.
C) $15,750.
D) $12,250.
Correct Answer:
Verified
Correct Answer:
Verified
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