On January 1,a Machine with a Useful Life of Five

question 192

Multiple Choice

On January 1,a machine with a useful life of five years and a residual value of $6,000 is purchased for $30,000.What is the depreciation expense in year 2 using the double-declining-balance method?

• A) $7,200
• B) $9,600
• C) $8,160
• D) $12,000

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