Multiple Choice
Shaggy Limited purchased a new van on January 1,2018.The van cost $20,000.It has an estimated life of five years and the estimated residual value is $5,000.Shaggy uses the double-declining-balance method to compute depreciation. What is the depreciation expense for 2018?
A) $4,000.
B) $3,000.
C) $6,000.
D) $8,000.
Correct Answer:
Verified
Correct Answer:
Verified
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