Question 31

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A plant asset cost $288,000 and is estimated to have a $36,0000 salvage value at the end of its 7-year useful life. The annual depreciation expense recorded for the third year using the double-declining-balance method would be

Select one:

a. $24,120.

b. The answer does not exist

c. $27,570.

d. $40,500.

e. $35,436.