Multiple Choice
Golden Dollar Company purchased a machine on January 1, 2019 for $360,000, with a 5-year life, and a $36,000 residual life.
If Compute the book value of the machine on December 31, 2021 if the company uses the double-declining balance method of depreciation.
A) $ 60,000
B) $ 77,760
C) $ 64,800
D) $144,000
Correct Answer:
Verified
Correct Answer:
Verified
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