Question 8 Samford Company purchased equipment to be used in operations on March 26, 2019. The equipment had a purchase price of $250,000 with a residual value of $50,000 and a useful life of 5 years. If Samford Company uses the double declining balance method of depreciation and the half-year convention, what will depreciation expense of the equipment be for 2019? O $20,000 O $40,000 O $50,000 O $75,000 O None of the above. Question 9 Q Search 66 C 5 pts

Question 8 Ssinford Company purchased equipment to be used in operations on March 26, 2019. The equipment had a purchase price of $250,000 with a residual value of $50,000 and a useful life of 5 years. If Samford Company uses the double declining balance method of depreciation and the half-year convention, what will depreciation expense of the equipment be for 2019 ? 520000 10,000 50,000 575000 None of the above