Multiple Choice
Use the following information for questions
On January 1, 2022, Anvil Corp.purchased equipment for $60,000.It was expected to last 5 years, after which it will be sold for $5,000.It is expected to be used for a total of 10,000 machine hours, and was used for 750 hours during the year ended December 31, 2022.
-The depreciation expense for 2022 using the double diminishing-balance method will be
A) $11,000.
B) $12,250.
C) $12,000.
D) $24,000.
Correct Answer:
Verified
Correct Answer:
Verified
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