What the annual rate of depreciation is

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Problem 1: A company purchased office equipment for $240,000 and estimated a salvage value of $40,000 at the end of its 5-year useful life, if the double-declining-balance method is used, the annual rate of depreciation is

Option A. 25%.

Option B. 40%.

Option C. 20%.

Option D. 4%.

Reference no: EM132816014

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