Multiple Choice
On January 1, a machine with a useful life of five years and a residual value of $25,000 was purchased for $75,000.What is the depreciation expense for year 2 under the double-declining-balance method of depreciation?
A) $18,000
B) $30,000
C) $24,000
D) $14,400
Correct Answer:
Verified
Correct Answer:
Verified
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