Mountain Industries has machinery that cost $100,000,with an estimated salvage value of $15,000 and a 5 year useful life.At the start of the third year of the machinery's life,the company switched from the straight-line method of depreciation to the double-declining balance method.What will be the new depreciation for the year.
A) $17,000
B) $40,000
C) $24,000
D) $14,400
Correct Answer:
Verified
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