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Compute depreciation expense using double-declining balance

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Reference no: EM132634353

Problem 1: On January 1, Plex Industries purchases a machine for $88,000 that has an estimated useful life of four years, at which time it is expected to have a salvage value of $6,000. Year 4 depreciation expense using the double-declining balance method is closest to:

A. $5,500.

B. $5,000.

C. $5,125.

D. $4,250.

Reference no: EM132634353

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