Schager Company purchased a computer system on January 1, 2016, 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. What is the accumulated depreciation balance as of December 31, 2017?
A)$9,000.
B)$4,000.
C)$7,920.
D)$8,520.

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The Answer of Schager Company purchased a computer system on January 1, 2016, 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. What is the accumulated depreciation balance as of December 31, 2017?
A)$9,000.
B)$4,000.
C)$7,920.
D)$8,520.

Schager Company Purchased a Computer System on January 1, 2016