A company purchased equipment valued at $200,000 on January 1.The equipment has an estimated useful life of six years or 5 million units.The equipment is estimated to have a salvage value of $13,400.
-Assuming the double declining balance method of depreciation,what is the depreciation for the second year?
A) $41,445.91
B)$62,137.80
C)$31,100.00
D)$55,980.00
E)$44,442.22

Question

A company purchased equipment valued at $200,000 on January 1.The equipment has an estimated useful life of six years or 5 million units.The equipment is estimated to have a salvage value of $13,400.
-Assuming the double declining balance method of depreciation,what is the depreciation for the second year? 
A) $41,445.91
B)$62,137.80
C)$31,100.00
D)$55,980.00
E)$44,442.22

Quizplus · Accepted Answer

The Answer of A company purchased equipment valued at $200,000 on January 1.The equipment has an estimated useful life of six years or 5 million units.The equipment is estimated to have a salvage value of $13,400.
-Assuming the double declining balance method of depreciation,what is the depreciation for the second year? 
A) $41,445.91
B)$62,137.80
C)$31,100.00
D)$55,980.00
E)$44,442.22

A Company Purchased Equipment Valued at $200,000 on January 1