51. At the start of the year, a company acquired new equipment at a cost of €50,000,
estimated to have a 3 year life and a residual value of €5,000. If the company depreciates
the asset using the double declining balance method, the depreciation expense that the
company will report for the third year is closest to:
A. €555.
B. €3,328.
C. €3,705.
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