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

Question 35

Multiple Choice

Find the first year's depreciation, using the double-declining-balance method. Round to the nearest dollar.
-Cost: $3,400
Est. life: 6 years
Est. scrap: $800


A) $433
B) $867
C) $567
D) $1,133

Correct Answer:

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