Multiple Choice
Equipment was purchased for $72,000 on October 1, 2019. Its estimated useful life is four years with a $4,200 expected salvage value.
Using double-declining balance depreciation, the 2020 depreciation expense is:
A) $31,500
B) $ 9,000
C) $ 7,500
D) $18,000
Correct Answer:
Verified
Correct Answer:
Verified
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