A Plant Asset Cost $192,000 and Is Estimated to Have

question 47

Multiple Choice

A plant asset cost $192,000 and is estimated to have a $24,000 salvage value at the end of its 8-year useful life.The annual depreciation expense recorded for the third year using the double-declining-balance method would be

• A)$16,080.
• B)$27,000.
• C)$23,625.
• D)$18,375.

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