Tran Inc.purchased equipment for $48,000, and estimated that the equipment will have a $4,000 residual value at the end of its 8-year useful life.Using the double diminishing-balance method, the depreciation expense for the third year would be A)$9,000. B)$6,750. C)$6,188. D)$5,500.

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The Answer of Tran Inc.purchased equipment for $48,000, and estimated that the equipment will have a $4,000 residual value at the end of its 8-year useful life.Using the double diminishing-balance method, the depreciation expense for the third year would be A)$9,000. B)$6,750. C)$6,188. D)$5,500.

Tran IncPurchased Equipment for $48,000, and Estimated That the Equipment Will