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Determine depreciation expense would be

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Question 1: Ponderosa Farms purchased some equipment on January 1, 2020 for $12,600. The equipment has an estimated useful life of 10 years and an estimated residual value of $1,200. The company uses double-declining-balance depreciation. Depreciation expense for 2020 would be:

Option 1) $1,140.

Option 2) $1,260.

Option 3) $2,280.

Option 4) $2,520.

Reference no: EM132517210

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