Question

A company buys a piece of equipment for $48,000. The equipment has a useful life of ten years. No residual value is expected at the end of the useful life. Using the double-declining-balance method, what is the company's depreciation expense in the first year of the equipments useful life?

A) $9,600

B) $12,000

C) $4,800

D) $24,000

Answer

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