A Plant Asset Cost $288000 and Is Estimated to Have

question 194

Multiple Choice

A plant asset cost $288000 and is estimated to have a $36000 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) $24120.
• B) $40500.
• C) $35436.
• D) $27570.

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