Multiple Choice
Use the following information for questions.
On January 1, 2017, 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 balance in the Accumulated Depreciation account at the end of 2018?
A) $22,400
B) $19,200
C) $12,600
D) $10,800
Correct Answer:
Verified
Correct Answer:
Verified
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