Schager Company Purchased a Computer System on January 1, 2014

question 35

Multiple Choice

Schager Company purchased a computer system on January 1, 2014, 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. How much is the 2015 depreciation expense?

• A) $5,000.
• B) $4,120.
• C)$4,000.
• D)$3,520.

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