What would be the depreciation expense for the first year of its useful life using the double-declining-balance method?

A) $680.
B) $2,320.
C) $2,720.
D) $600.
E) $300.

Double-declining-balance

A method of accelerated depreciation that doubles the normal depreciation rate.

Depreciation Expense

The allocated cost of an asset over its useful life, used to account for declines in value due to use and wear and tear.

Salvage Value

Salvage value is the estimated residual value of an asset at the end of its useful life, reflecting what the asset can be sold for once it is no longer needed.