How much is the depreciation expense in 2017 if double-declining balance depreciation is used and there is a switch to straight-line in year 2015?

Question

Quizplus · Accepted Answer

The double-declining balance method accelerates depreciation, resulting in higher depreciation expense in the early years of an asset's life and lower expense in the later years. When switching to straight-line in 2015, the depreciation expense becomes consistent annually. The question doesn't provide the initial cost, salvage value, or useful life of the asset, which are necessary to calculate exact figures. However, given the options, $4,333.33 suggests a scenario where, after switching to straight-line, the depreciation expense is evenly spread over the remaining useful life, indicating a calculation that aligns with how straight-line depreciation would be adjusted after using an accelerated method.

How Much Is the Depreciation Expense in 2017 If Double-Declining