Multiple Choice
A long-lived asset cost $24,000 and is estimated to have a $3,000 residual value at the end of its 8-year useful life. The annual depreciation expense recorded for the third year using the double diminishing-balance method would be
A) $2,010.
B) $3,375.
C) $2,953.
D) $2,297.
Correct Answer:
Verified
Correct Answer:
Verified
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