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What is the depreciation expense in year one

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Question 1: A building cost $25,000 and has a $5,000 residual value and an expected useful life of ten years. What is the depreciation expense in Year 1 using the Double-Declining-Balance Method at the straight-line rate?

a. $2,000

b. $5,000

c. None of the other alternatives are correct

d. $2,500

e. $4,000

Reference no: EM132817048

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