Remsen,Inc.purchased equipment that cost $48,000.The equipment had a useful life of 5 years and a $5,000 salvage value.Remsen used the double-declining-balance method to depreciate its assets.Which of the following choices accurately reflects how the recognition of the first year's depreciation would affect the company's financial statements? 
A) Choice A
B) Choice B
C) Choice C
D) Choice D
Correct Answer:
Verified
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