Multiple Choice
On January 1, 20X3, a machine with a useful life of five years and a residual value of $2,500 was purchased for $25,000. Using the double-declining-balance method, the depreciation expense for the year ending December 31, 20X4 would be
A) $10,000
B) $9,000
C) $6,000
D) $5,400
Correct Answer:
Verified
Correct Answer:
Verified
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