Question: Central Supply purchased a new printer for $70,875. The printer is expected to operate for nine (9) years, after which it will be sold for

Central Supply purchased a new printer for $70,875. The printer is

Central Supply purchased a new printer for $70,875. The printer is expected to operate for nine (9) years, after which it will be sold for salvage value (estimated to be $7,088). How much is the first year's depreciation expense if the company uses the double-declining-balance method? Select one: a. $15,750 b. $18,900 C. $7,875 a d. None of these are correct. e. $14,175

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