Using the double-declining balance method,depreciation expense for 2013 would be:

Question

Quizplus · Accepted Answer

The double-declining balance method calculates depreciation expenses at twice the straight-line rate. In this case, the straight-line rate would be 1/5 or 0.20 (dividing 1 by 5 years of useful life). The double-declining rate would be 0.20 x 2 = 0.40. 
To calculate the depreciation expense for 2013, we use the formula: Beginning book value x depreciation rate.
The beginning book value for this asset is $36,000. 
Depreciation for 2013 = Beginning BV x depreciation rate = $36,000 x 0.40 = $14,400. Hence, the answer is C.

Using the Double-Declining Balance Method,depreciation Expense for 2013 Would Be