Multiple Choice
Cost of an asset is $1,000,000 and its residual value is $100,000. Estimated useful life of the asset is four years. Calculate depreciation for the first year using the double-declining-balance method of depreciation.
A) $450,000
B) $500,000
C) $250,000
D) $225,000
Correct Answer:
Verified
Correct Answer:
Verified
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