Multiple Choice
An asset costs $80,000 and has a salvage value of $7,000.It has a four-year life.Using double-declining-balance depreciation,Year 1 depreciation would be:
A) $20,000.
B) $40,000.
C) $18,250.
D) $36,500.
Correct Answer:
Verified
Correct Answer:
Verified
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