On January 1, 2022, a Machine with a Useful Life

question 111

Multiple Choice

On January 1, 2022, a machine with a useful life of five years and a residual value of $2,500 was purchased for $25,000.Using the double diminishing-balance method, the depreciation expense for the year ending December 31, 2023 would be

• A)$10,000.
• B)$ 9,000.
• C)$ 6,000.
• D)$ 5,400.

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