Ponderosa Farms purchased some equipment on January 1, 2020 for $12,600. The equipment has an estimated useful life of 10 years and an estimated residual value of $1,200. The company uses double-declining-balance depreciation. Depreciation expense for 2020 would be a.$1,140. b.$1,260. c.$2,280. d.$2,520.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Ponderosa Farms purchased some equipment on January 1, 2020 for $12,600. The equipment has an estimated useful life of 10 years and an estimated residual value of $1,200. The company uses double-declining-balance depreciation. Depreciation expense for 2020 would be


a.$1,140.

b.$1,260.

c.$2,280.

d.$2,520.

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