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

Question 37

Multiple Choice

Find the first year's depreciation, using the double-declining-balance method. Round to the nearest dollar.
-Cost: $54,000
Est. life: 20 years
Est. scrap: $5,000


A) $2,700
B) $2,450
C) $4,900
D) $5,400

Correct Answer:

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