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Machinery Is Purchased on May 15,2018 for $50,000 with a $5,000

Question 41

Multiple Choice

Machinery is purchased on May 15,2018 for $50,000 with a $5,000 salvage value and a five-year life.The half-year convention is followed.What method of depreciation will give the highest amount of depreciation expense in Year 2?


A) Straight line
B) Double-declining balance
C) 150% declining balance
D) Amount cannot be determined

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