If the double-declining balance method were used to depreciate a building that has a 10-year useful life and a residual value equal to 10% of the building's original cost,what depreciation rate would be used?
A)9%
B)10%
C)18%
D)20%

Question

Quizplus · Accepted Answer

Double-declining rate is twice the straight-line rate.DDB depreciation rate = 2/useful life; 2/10 = 20%.

If the Double-Declining Balance Method Were Used to Depreciate a Building