How much is the depreciation expense in 2014 if double-declining balance depreciation is used?

A) $6,000
B) $9,000
C) $12,000
D) $15,000

Question

How much is the depreciation expense in 2014 if double-declining balance depreciation is used?A) $6,000B) $9,000C) $12,000D) $15,000

Stephanie Pierre · Accepted Answer

Final Answer : C, Explanation :  In 2013, the depreciation is ($50,000 * 40%) = $20,000. The book value at the end of 2013 is $30,000. In 2014, the depreciation is ($30,000 * 40%) = $12,000.

How much is the depreciation expense in 2014 if double-declining balance depreciation is used?

A) $6,000
B) $9,000
C) $12,000
D) $15,000

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