Multiple Choice
On January 1, 2013 Midwest Co. purchased a truck that cost $38,000. The truck had an expected useful life of 10 years and a $4,000 salvage value. The amount of depreciation expense recognized in 2014 assuming that Midwest uses the double declining-balance method is:
A) $5,440.
B) $6,080.
C) $3,800.
D) $7,600.
Correct Answer:
Verified
Correct Answer:
Verified
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