Double-declining balance method

Reference no: EM13120929

A company bought a new machine for $27,000 on January 1. The Machine is expected to last 10 years and have a residual value of $4,000. If the company uses the double-declining balance method, accumulated depreciation at the end of year 2 will be:

A) $9,720

B) $8,280

C) $9,200

D) $10,800

Reference no: EM13120929

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