Multiple Choice
Ironworks Industries purchased a piece of equipment for $65,000 with an estimated salvage value of $15,000 on January 1.Its estimated life is 5 years.To the nearest dollar,what is the equipment's depreciation using double-declining-balance for year 2?
A) $26,000
B) $20,000
C) $15,600
D) $12,000
Correct Answer:
Verified
Correct Answer:
Verified
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