Chang company purchased a piece of equipment on January 1,2017. The equipment cost HK$600.000 and has an estimated life of 8 years and a residual value of HK$80.000. What was the depreciation expense for the asset for 2018 under the double-declining-balance method? (A). HK$65.000 (B) HK$112.500 (C) HK$150.000 (D) HK$65.620
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