Multiple Choice
Z Company purchased an asset for $24,000 on January 1,Year 1.The asset was expected to have a four-year life and a $4,000 salvage value.What is the amount of depreciation expense for Year 1 using the double-declining-balance method?
A) $2,000
B) $3,000
C) $6,000
D) $12,000
Correct Answer:
Verified
Correct Answer:
Verified
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