Multiple Choice
On January 1, 2019, Presto, Inc. purchased a new machine for $192,000. Its estimated useful life is 16 years with an expected salvage value of $32,000.
Assuming double-declining balance depreciation, 2020 depreciation expense is:
A) $21,000
B) $17,500
C) $12,000
D) $24,000
Correct Answer:
Verified
Correct Answer:
Verified
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