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What is the amount of depreciation expense

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Question - On January 2, 2019, Mumford Corporation acquired equipment for $90,000. The estimated life of the equipment is 4 years. The estimated residual value is $1,000. What is the amount of depreciation expense for 2020, if the company uses the double-declining-balance method of depreciation? (Round intermediary calculations to two decimal places and your final answer to the nearest dollar.)

A. $44,500

B. $22,500

C. $45,000

D. $ 22,250

Reference no: EM132158269

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