Use the Following Information for Questions

question 37

Multiple Choice

Use the following information for questions:
Western Farms purchased some equipment on January 1, 2011 for $12,600.The equipment has an estimated useful life of 10 years and an estimated residual value of $1,200.The company uses double-declining-balance amortization.
-The net book value on January 1, 2012 would be:

• A)$10,080
• B)$10,320
• C)$11,340
• D)$11,460

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