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Using Double-Declining Balance Depreciation, Determine the Amount of Depreciation Expense

Question 122

Multiple Choice

Using double-declining balance depreciation, determine the amount of depreciation expense and the amount of accumulated depreciation that would appear on the December 31, 2015 financial statements.


A) $0/$12,000.
B) $4,320/$11,520.
C) $480/$12,000.
D) $2,592/$14,112.

Correct Answer:

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