Jemima Ltd

question 122

Multiple Choice

Jemima Ltd. purchased factory equipment for $200,000, and estimated that the equipment will have a $20,000 residual value at the end of its estimated 5-year useful life. If Jemima uses the double diminishing-balance method of depreciation, the depreciation expense for the second year after purchase would be

• A) $43,200.
• B) $48,000.
• C) $72,000.
• D) $80,000.

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