Multiple Choice
On January 1,2012,Albatross Shipping Company bought equipment that cost $65,000 and had an estimated useful life of 5 years and an estimated salvage value of $5,000.The company uses the double-declining balance method of depreciation.At what rate will the equipment depreciate in 2012?
A) 20%
B) 15%
C) 10%
D) 40%
Correct Answer:
Verified
Correct Answer:
Verified
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