On January 1, 2010, Mena Co. purchased a new machine for $2,000,000. The machine has an estimated useful life of 5 years and a salvage value of $200,000. Mena uses the double-declining-balance method of depreciation. The amount of depreciation expense for 2012 is
A) $480,000
B) $288,000
C) $432,000
D) $259,200
Correct Answer:
Verified
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