A company purchased factory equipment for $250,000. It is estimated that the equipment will have a $25,000 salvage value at the end of its estimated 5-year useful life. If the company uses the double-declining-balance method of depreciation, the amount of annual depreciation recorded for the second year after purchase would be
A) $100,000.
B) $60,000.
C) $90,000.
D) $43,200.

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The Answer of A company purchased factory equipment for $250,000. It is estimated that the equipment will have a $25,000 salvage value at the end of its estimated 5-year useful life. If the company uses the double-declining-balance method of depreciation, the amount of annual depreciation recorded for the second year after purchase would be
A) $100,000.
B) $60,000.
C) $90,000.
D) $43,200.

A Company Purchased Factory Equipment for $250,000