Multiple Choice
A water pump that costs $25,000 is depreciated using the double-declining-balance method. Which of the following is the depreciation expense for Year 1 if the depreciation rate as per straight-line method is 20%?
A) $10,000
B) $20,000
C) $5,000
D) $9,000
Correct Answer:
Verified
Correct Answer:
Verified
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