Amount of depreciation-double-declining-balance method

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Reference no: EM13142657

What is the amount of depreciation, using the double-declining-balance method, for the third year of use for equipment costing $9,000, with an estimated residual value of $600 and an estimated life of three years?

1.$6,000

2. $400

3. $3,000

4. $667

5. $2,000

Reference no: EM13142657

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