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Question(s) / Instruction(s):

A company purchased factory equipment for $100,000.  It is estimated that the equipment will have a $10,000 salvage value at the end of its estimated 5-year useful life.  If the company uses the double-declining method of depreciation, the amount of annual depreciation recorded for the second year after purchase would be:

a)            $40,000

b)            $24,000.

c)            $36,000.

d)            $21,600.

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