On January 1, 2014, Rowley Company purchased a truck that cost $22,000. The truck had an expected useful life of 5 years and a $4,000 salvage value. The amount of depreciation expense recognized in 2014 assuming that Rowley uses the double declining balance method is:
A) $4,320.
B) $5,280.
C) $7,200.
D) $8,800.
Correct Answer:
Verified
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