Question: Wilson Co . purchased a machine for $ 4 0 0 . 0 0 0 on 1 January 2 0 1 8 . The company

Wilson Co. purchased a machine for $400.000 on 1 January 2018. The company estimated useful life of 8 years and uses double declining balance depreciation method.
What will be the depreciation expense for the year 2020?
a)150,000
b)56,250
c)118,750
d)50,000

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