Schager Company purchased a computer system on January 1,2010,at a cash cost of $25,000.The estimated useful life is 10 years,and the estimated residual value is $3,000.The company will use the double declining-balance depreciation method.How much is the 2011 depreciation expense?
A)$5,000
B)$4,000
C)$3,800
D)$2,200

Question

Quizplus · Accepted Answer

2010 depreciation expense ($5,000) = $25,000 F1F1F1S1F1F1F10 2/102011 depreciation expense ($4,000) = ($25,000 - $5,000) F1F1F1S1F1F1F10 2/10

Schager Company Purchased a Computer System on January 1,2010,at a Cash