Question: Central Supply purchased a new printer for $67,500. The printer is expected to operate for nine (9) years, after which it will be sold for

Central Supply purchased a new printer for $67,500. The printer is expected to operate for nine (9) years, after which it will be sold for salvage value (estimated to be $6,750).

How much is the first year's depreciation expense if the company uses the double-declining-balance method?

A.$15,000

B.$ 7,500

C.$18,000

D.$13,500

E.None of the above

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