Expense in the first year of the equipments useful life

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A company buys a piece of equipment for $60,000. the equipment has a useful life of six years. No residual value is expected at the end of useful life. Using the double-declining-balance method. what is the company's deprecation expense in the first year of the equipments useful life?

15,000

30,000

10,000

20,000

Reference no: EM131296404

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