Multiple Choice
On January 1,a machine with a useful life of five years and a residual value of $6,000 is purchased for $30,000.What is the depreciation expense in year 2 using the double-declining-balance method?
A) $7,200
B) $9,600
C) $8,160
D) $12,000
Correct Answer:
Verified
Correct Answer:
Verified
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