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What amount of depreciation DIANA CORPORATION recognize

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Question - DIANA CORPORATION changed from straight line depreciation to double declining balance method at the beginning of 2020. The plant asset originally cost $1,500,000 in 2019 using straight line depreciation. Periodic depreciation using straight line is $60,000.

What amount of depreciation DIANA CORPORATION should recognize for the year 2020?

a) $75,000

b) $120,000

c) $96,000

d) $150,000

Reference no: EM132691906

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