A company purchased a piece of equipment for $50,000 on January 1, Year 1. The equipment has an expected useful life of five years. Its residual value is estimated to be $4,000. Assuming the company uses the double-declining balance depreciation method, what is the depreciation expense for the equipment for the second year? A) $9,200. B) $9,040. C) $12,000. D) $11,040 Select one: OD A company purchased office equipment for $130,000 on March 1, 2021. The estimated service life is four years with a $40,000 residual value. The company records partial-year depreciation based on the number of months in service. The balance of accumulated depreciation for the year ended December 31, 2022, using straight-line depreciation, is: A) $41.250 actic...docx Binomial Distribu....pdf code switch pdf.pdf D Second Practic.docx New Practice ML.docx 18 w A company purchased a piece of equipment for $50,000 on January 1, Year 1. The equipment has an expected useful life of five years. Its residual value is estimated to be $4.000. Assuming the company uses the double-declining-balance depreciation method, what is the depreciation expense for the equipment for the second year? A) $9,200 B) $9.040 C) $12,000 D) $11.040. Select one: OA cond Practic...docx Binomial Distribu..pdf code switch pdf.pdf Second Practic...docx New Practice M.doc B w G Search or type URL