Multiple Choice
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On April 30,2017,Tilton Products purchased machinery for $88,000.The useful life of this machinery is estimated at 8 years,with an $8,000 residual value.
-Assume that in its financial statements,Tilton Products uses the 150%-declining-balance method and the half-year convention.Depreciation expense in 2017 and 2018 will be:
A) $8,250 in 2017 and $14,953 in 2018.
B) $16,500 in 2017 and $12,964 in 2018.
C) $16,500 in 2017 and $16,500 in 2018.
D) $15,000 in 2017 and $11,786 in 2018.
Correct Answer:

Verified
Correct Answer:
Verified
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