Eckman Company purchased equipment for $120,000 on January 1, 2017, and will use the double-declining-balance method of depreciation. It is estimated that the equipment will have a 5-year life and a $6,000 salvage value at the end of its useful life. The amount of depreciation expense recognized in the year 2019 will be

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The double-declining-balance method calculates depreciation by doubling the straight-line rate. The straight-line rate is 1/5 = 20%, so the double rate is 40%. For 2019, the depreciation is calculated on the book value at the start of the year: $43,200 (end of 2018) x 40% = $17,280.

Eckman Company Purchased Equipment for $120,000 on January 1, 2017