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Depreciation using double-declining balance method

Question: Cutter Enterprises purchased equipment for $72,000 on January 1, 2009. The equipment is expected to have a five-year life and a residual value of $6,000.

Using the double-declining balance method, depreciation for 2010 would be:

A. $28,800.

B. $18,240.

C. $17,280.

D. None of these is correct.

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