Multiple Choice
A company buys a piece of equipment for $48,000.The equipment has a useful life of ten years.No residual value is expected at the end of the useful life.Using the double-declining-balance method,what is the company's depreciation expense in the first year of the equipment's useful life?
A) $9,600
B) $12,000
C) $4,800
D) $24,000
Correct Answer:
Verified
Correct Answer:
Verified
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