At the beginning of Year 1, Arby's purchased a new air fryer that cost $40,000....
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Accounting
At the beginning of Year 1, Arby's purchased a new air fryer that cost $40,000. The fryer has an estimated useful life of 8 years and an estimated residual value of $8,000. What amount of depreciation expense should Arby's recognize in Year 2 assuming the double-declining balance method?
a.$8,000
b. $6,000
c. $7,500
d. $10,000
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