Question: Hi expert please given correct answer with general accounting question Riverdale Industries purchased manufacturing equipment on March 1, 2025, for $250,000. The equipment has an

Hi expert please given correct answer with general accounting question

Riverdale Industries purchased manufacturing equipment on March 1, 2025, for $250,000. The equipment has an estimated useful life of 8 years and a salvage value of $50,000. If Riverdale uses the double-declining balance method of depreciation, what will be the depreciation expense for the third year? a) $35,156 b) $46,875 c) $62,500 d) $27,343

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