A company purchased furniture on January 1, 2012. Its cost was $15,600 and it had a residual value of
$1,600. Its useful life is determined to be 3 years. Using double-declining balance depreciation, record the journal entry to record depreciation expense in 2013.

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The Answer of A company purchased furniture on January 1, 2012. Its cost was $15,600 and it had a residual value of
$1,600. Its useful life is determined to be 3 years. Using double-declining balance depreciation, record the journal entry to record depreciation expense in 2013.

A Company Purchased Furniture on January 1, 2012