What would be the depreciation expense using double declining-balance to compute the expense for year 2 of a machine costing $30,000, when residual value is $2,000, and useful life is 3 years? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
A) $4,444
B) $72,000
C) $6,667
D) $2,000
Correct Answer:
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