On January 2,2013,Saminski,Inc.,acquired equipment for $200,000.The estimated life of the equipment is 5 years.The estimated residual value is $30,000.What is the Accumulated Depreciation of the equipment on December 31,2014,if Saminski uses the double-declining-balance method of depreciation?
A) $68,000
B) $80,000
C) $108,800
D) $128,000
Correct Answer:
Verified
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