(Answered) On january 1 2015 paulson transport company purchased a

Accounting

On January 1, 2015, Paulson Transport Company purchased a ship for $2,000,000. It has a ten-year useful life and a residual value of $50,000. The company uses the double-declining-balance method. What was the depreciation expense for Paulson Transport for the year ended December 31, 2015?

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