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An Equipment Was Purchased for $18,000

Question 11

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:

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