Find the First Year's Depreciation, Using the Double-Declining-Balance Method

question 37

Multiple Choice

Find the first year's depreciation, using the double-declining-balance method. Round to the nearest dollar.
-Cost: $54,000
Est. life: 20 years
Est. scrap: $5,000

• A)$2,700
• B)$2,450
• C)$4,900
• D)$5,400

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