Multiple Choice
A company purchased a cash register on January 1 for $5,400. This register has a useful life of 10 years and a residual value of $400. What would be the depreciation expense for the second year of its useful life using the double-declining-balance method?
A) $500.
B) $800.
C) $864.
D) $1,000.
E) $1,080.
Correct Answer:
Verified
Correct Answer:
Verified
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