Multiple Choice
Morten Co. ,which uses the double-declining-balance method of depreciation,purchased a new machine on January 1,2018.The machine cost $160,000,had an estimated useful life of 8 years and $20,000 residual value at the end of its useful life. What is the depreciation expense for 2018?
A) $20,000
B) $40,000
C) $10,000
D) $30,000
Correct Answer:
Verified
Correct Answer:
Verified
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