Multiple Choice
On January 1,2017,Xit Company bought a new delivery truck for $30,000.Xit plans to use the truck for 4 years,after which it will be sold for $6,000.Depreciation expense for 2020,the fourth year of use,using double-declining-balance equals:
A) $1,500.
B) $3,750.
C) $6,000.
D) $0.
Correct Answer:
Verified
Correct Answer:
Verified
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