JoyCo acquired equipment on April 1, 2017, at a cost of $90,000 and with an...
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Accounting
JoyCo acquired equipment on April 1, 2017, at a cost of $90,000 and with an estimated useful life of 10 years. The machine has a residual value of $10,000. JoyCo uses the double-declining-balance method of depreciation. How much depreciation should be recorded by JoyCo for the year ended December 31, 2017?
$10,000
$13,500
$12,000
$8,000
$9,000
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