Pebble Beach Co. buys a piece of equipment for $24,000. The equipment has a useful life of

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Question:

Pebble Beach Co. buys a piece of equipment for $24,000. The equipment has a useful life of ten years. No residual value is expected at the end of the useful life. Using the double-declining-balance method, what is the company's depreciation expense in the first year of the equipment's useful life?

Multiple Choice

a. $4,800

b. $6,000

c. $2,400

d. $12,000