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Calculate depreciation expense at the end of the first year

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Question - The Cerearls Company purchases equipment for $100,000. Management estimates that the equipment will have a useful life of eight years and no salvage value. Calculate depreciation expense at the end of the first year using the double-declining balance method of depreciation.

A. $30,000

B. $48,000

C. $62,500

D. $31,250

Reference no: EM132864059

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