Multiple Choice
A company purchased factory equipment for ¥350,000.It is estimated that the equipment will have a ¥35,000 residual value at the end of its estimated 5-year useful life.If the company uses the double-declining-balance method of depreciation, the amount of annual depreciation recorded for the second year after purchase would be
A) ¥140,000.
B) ¥84,000.
C) ¥126,000.
D) ¥60,480.
Correct Answer:
Verified
Correct Answer:
Verified
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