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Find the First Year's Depreciation, Using the Double-Declining-Balance Method

Question 5

Multiple Choice

Find the first year's depreciation, using the double-declining-balance method. Round to the nearest dollar.
-Cost: $1,550
Est. life: 20 years
Est. scrap: $155


A) $155
B) $78
C) $140
D) $70

Correct Answer:

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