What would be the amount of amortization expense in year 2 using the double-declining-balance method of amortization?
A)$6,500.00
B)$5,900.00
C)$10,400.00
D)$6,555.55

Question

Quizplus · Accepted Answer

The double-declining-balance method calculates depreciation by doubling the straight-line rate. Assuming the asset's initial cost and useful life are such that the year 1 depreciation was $13,000, the year 2 depreciation would be $10,400, as it continues to apply the double rate to the remaining book value.

What Would Be the Amount of Amortization Expense in Year