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Use the Double-Declining-Balance Method of Depreciation

Question 10

Multiple Choice

Use the double-declining-balance method of depreciation. Round to the nearest dollar.
-New Town Deli buys refrigerated counters for $34,000 and estimates the life at 5 years with a scrap
Value of $3,400. What is the amount of depreciation for the third year?


A) $3,400
B) $6,120
C) $4,896
D) $4,406

Correct Answer:

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