What is the amount of depreciation expense

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Question 1: On January? 2, 2019, Mumford Corporation acquired equipment for $70,000. The estimated life of the equipment is 4 years. The estimated residual value is $9,000. What is the amount of depreciation expense for? 2020, if the company uses the doubleminus -decliningminus -balance method of? depreciation? (Round intermediary calculations to two decimal places and your final answer to the nearest? dollar.)

A. $30,500

B. $17,500

C. $35,000

D. $15,250

Reference no: EM132492488

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