Question: Given the following Ending Inventory errors: Indicate the error in the following items: A company purchased factory equipment for ( $ 28,000 ). It is

 Given the following Ending Inventory errors: Indicate the error in the
following items: A company purchased factory equipment for \\( \\$ 28,000 \\).

Given the following Ending Inventory errors: Indicate the error in the following items: A company purchased factory equipment for \\( \\$ 28,000 \\). It is estimated that the equipment will have an \\( \\$ 8,000 \\) salvage value at the end of its estimated 10 -year useful life. If the company uses the double-declining-balance method of depreciation, the depreciation recorded for the second year after purchase would be Select one: a. \\( \\$ 2,800 \\) b. \\( \\$ 3,200 \\) c. \\( \\$ 4,480 \\) d. \\( \\$ 2,520 \\) e. \\( \\$ 2,880 \\)

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