A plant asset cost $192,000 and is estimated to have a $24,000 salvage value at the end of its 8-year useful life.The annual depreciation expense recorded for the third year using the double-declining-balance method would be
A)$16,080.
B)$27,000.
C)$23,625.
D)$18,375.

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The Answer of A plant asset cost $192,000 and is estimated to have a $24,000 salvage value at the end of its 8-year useful life.The annual depreciation expense recorded for the third year using the double-declining-balance method would be
A)$16,080.
B)$27,000.
C)$23,625.
D)$18,375.

A Plant Asset Cost $192,000 and Is Estimated to Have