Equipment cost $15,000 and has a $1,000 residual value and an expected useful life of...
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Accounting
Equipment cost $15,000 and has a $1,000 residual value and an expected useful life of four years. What is the depreciation expense in Year 4 using the Double-Declining-Balance Method at the straight-line rate?
Multiple Choice
$700
$937.50
$875
None of the other alternatives are correct
$1,000
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