Multiple Choice
On January 1,Year 1,Zach Company purchased equipment that cost $50,000.The equipment had a useful life of 5 years and a $10,000 salvage value.Zach Company used the double-declining-balance method to depreciate its assets.What is the accumulated depreciation at the end of Year 2?
A) $10,000
B) $12,000
C) $20,000
D) $32,000
Correct Answer:
Verified
Correct Answer:
Verified
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