Question $9$

Problems $7-12$ use the following information:$$A firm purchased a new piece of equipment with an estimated useful life of five years.$$The cost of the equipment was $$55,000.$ The salvage value is estimated to by $$5,000$ at the end of year $5.$

Using the Double$-$Declining Balance method of depreciation, what is the value of "alpha"?

A$.$

$0\mathrm{.}5$

B$.$

$0\mathrm{.}4$

C$.$

$0\mathrm{.}2$

D$.$

$0\mathrm{.}8$

E$.$

$0\mathrm{.}6$