Multiple Choice
Equipment was purchased for $180,000 on March 1, 2019. Its estimated useful life is eight years with a $18,000 expected salvage value.
Using double-declining balance depreciation, the 2020 depreciation expense is:
A) $35,625
B) $37,500
C) $33,750
D) $40,500
Correct Answer:
Verified
Correct Answer:
Verified
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