Given the Following Information, Calculate the Depreciation Allowance for Year

question 26

Multiple Choice

Given the following information, calculate the depreciation allowance for year 1. Depreciable Basis: $200,000, Declining Balance Depreciation: 175%, Cost Recovery Period: 27 years.

• A) $3,704
• B) $6,481
• C) $7,407
• D) $12,963

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