Multiple Choice
A machine is purchased on January 1,2018,for $90,000.It is expected to have a useful life of five years and a residual value of $5,000.The company closes its books on December 31.Under the double-declining balance method,what is the total amount of depreciation to be expensed during the 2019 fiscal year (year 2 of 5) ?
A) $21,600
B) $22,000
C) $22,400
D) $34,000
Correct Answer:
Verified
Correct Answer:
Verified
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