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A company had the following plant asset: New equipment cost Salvage value Useful life $64,000 4,000 5 years The machine is also expensed to produce

A company had the following plant asset:

New equipment cost

Salvage value Useful life

$64,000

4,000 5 years

The machine is also expensed to produce 150,000 units during its useful life. The depreciation expense for the first year using the Double Declining Balance method of depreciation is?

a. 25,600

b. 24,000

c. 12,000

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