On July 31, 2010, equipment is purchased for $66,000 with a 4-year life expectancy and salvage value of $5,000. If the double-declining-balance method is used, calculate depreciation expense for the year ending December 31, 2010.
a. $13,750
b. $12,708
c. $33,000
d. $31,000

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The Answer of On July 31, 2010, equipment is purchased for $66,000 with a 4-year life expectancy and salvage value of $5,000. If the double-declining-balance method is used, calculate depreciation expense for the year ending December 31, 2010.
a. $13,750
b. $12,708
c. $33,000
d. $31,000

On July 31, 2010, Equipment Is Purchased for $66,000 with a 4-Year