Asset having a four-year service life and a salvage value

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Reference no: EM13459659

An asset having a four-year service life and a salvage value of $5,000 was acquired for $45,000 cash on June 28. What will be the depreciation expense at the end of the first year, December 31

A) $22,500, under the double-declining-balance method

B) $7,000, under the straight-line method

C) $11,250, under the double-declining-balance method

D) $10,000, under the straight-line method

Reference no: EM13459659

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