On January 1,2012 Morgan Co.purchased a truck that cost $32,000.The truck had an expected useful life of 10 years and a $5,000 salvage value.The amount of depreciation expense recognized in 2013 assuming that Morgan uses the double declining-balance method is:
A) $4,320.
B) $5,120.
C) $5,400.
D) $6,400.
Correct Answer:
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