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What the depreciation expense for the second year

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Problem 1: Quinto Ltd. purchased factory equipment for $200,000, and estimated that the equipment will have a $20,000 residual value at the end of its estimated 5-year useful life. If uses the double diminishing-balance method of depreciation, the depreciation expense for the second year after purchase would be:

(a) $43,200.
(b) $48,000.
(c) $72,000.
(d) $80,000.

Reference no: EM132807112

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