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How much will be charged for depreciation expense

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Reference no: EM133010494

Question - Equipment is purchased for $50000. It is to be depreciated on a diminishing balance basis using a rate of 10 percent. How much will be charged for depreciation expense for year 3 of the machine life?

a. $4050

b. $5000

c. $4500

d. $15000

Reference no: EM133010494

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