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What was the depreciation expense for sultan company

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Problem 1: Sultan Company purchased a piece of equipment on January 1, 2012. The equipment cost $60,000 and has an estimated life of 8 years and a salvage value of $8,000. What was the depreciation expense for the asset for 2013 under the double-declining-balance method?

A- $6,500
B- $11,250
C- $15,000
D- $6,562

Reference no: EM132906760

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