Carr, Inc. purchased equipment for $100,000 on January 1, 20X2. The equipment had an estimated 10-year useful life and a $15,000 salvage value. Carr uses the 200% declining-balance depreciation method. In its 20X3 Income Statement, what amount should Carr report as depreciation expense for the equipment?
a) $13,600
b) $16,000
c) $17,000
d) $20,000
Answers: 3
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