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Marigold Company purchased equipment on January 1, 2017 for $67000. The estimated useful life of the equipment is 5 years, the salvage value is $12000,
Marigold Company purchased equipment on January 1, 2017 for $67000. The estimated useful life of the equipment is 5 years, the salvage value is $12000, and the company uses the double-declining balance method to depreciate fixed assets. How much depreciation would Marigold record for the fourth year of the equipment's use? $2752 $2472 $1888 $2272
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