Quogue Sporting Goods purchased a new screen-printing machine for $50,000. It cost $1,000 to deliver the machine and $5,000 to install it. The machine has a useful life of 8 years and an estimated salvage value of $8,000. What would the depreciation be for the first year using the double declining method?

• $6,000
• $7,000
• $12,000
• $14,000

Answer rating: 100% (QA)

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