Multiple Choice
Machinery was purchased on January 1 for $51,000. The machinery has an estimated life of 7 years and an estimated salvage value of $9,000. Double-declining-balance depreciation for the second year would be (round calculations to the nearest dollar) :
A) $10,929
B) $6,000
C) $10,500
D) $10,408
Correct Answer:
Verified
Correct Answer:
Verified
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