Chuck Daniels Auto acquired a hydraulic lift on August 1,2016.The lift cost $165,000,had an estimated useful life of 10 years and a residual value of $16,500 at the end of its useful life.What amount of depreciation expense would be recognized under the double-declining-balance method for the year ending December 31,2016?
A) $13,750
B) $16,500
C) $33,000
D) $19,250

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The Answer of Chuck Daniels Auto acquired a hydraulic lift on August 1,2016.The lift cost $165,000,had an estimated useful life of 10 years and a residual value of $16,500 at the end of its useful life.What amount of depreciation expense would be recognized under the double-declining-balance method for the year ending December 31,2016?
A) $13,750
B) $16,500
C) $33,000
D) $19,250

Chuck Daniels Auto Acquired a Hydraulic Lift on August 1,2016