Multiple Choice
An equipment was purchased for $18,000. It has a useful life of 5 years and a residual value of $2,000. Determine the depreciation expense for the first year using the double-declining-balance method?
A) $6,400
B) $3,200
C) $7,200
D) $3,600
Correct Answer:

Verified
Correct Answer:
Verified
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