On January 1, 2019, Upward Company purchased a copy machine. The machine costs $320,000, its estimated useful life is 8 years, and its expected salvage value is $20,000.
What is the depreciation expense for 2020 using double-declining-balance method?
A) $80,000
B) $60,000
C) $52,500
D) $35,000
Correct Answer:
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