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A Plant Asset Cost ₤192,000 and Is Estimated to Have

Question 241

Multiple Choice

A plant asset cost ₤192,000 and is estimated to have a ₤24,000 residual value at the end of its 8-year useful life.The annual depreciation expense recorded for the third year using the double-declining-balance method would be


A) ₤16,080.
B) ₤27,000.
C) ₤23,624.
D) ₤18,380.

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