On September 1, 2020, Royston Auto purchased a machine for $9,000, with a $1,500 estimated...
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Accounting
On September 1, 2020, Royston Auto purchased a machine for $9,000, with a $1,500 estimated residual value, and an 8-year useful life. The Dec. 31, 2020 year end depreciation expense using the double-declining-balance method would be:
$2,250
$1,875
$750
$625
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