Multiple Choice
On January 1,a machine with a useful life of five years and a residual value of $4,500 is purchased for $22,500.What is the depreciation expense in year 2 using the double-declining-balance method?
A) $5,400
B) $7,200
C) $6,120
D) $13,500
Correct Answer:
Verified
Correct Answer:
Verified
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