Mohr Company Purchases a Machine at the Beginning of the Year

question 228

Multiple Choice

Mohr Company purchases a machine at the beginning of the year at a cost of $24,000.The machine is depreciated using the double-declining-balance method.The machine's useful life is estimated to be 5 years with a $4,000 salvage value.The machine's book value at the end of year 2 is:

• A)$12,000.
• B)$7,200.
• C)$9,600.
• D)$8,640.
• E)$14,400.

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