Use the Following Information for Questions

question 33

Multiple Choice

Use the following information for questions
On January 1, 2012, Baker Corp purchased equipment for $55,000. It was expected to last 8 years, after which it will be sold for $3,000. It is expected to be used for a total of 8,000 machine hours, and was used for 900 hours in 2012.
-The depreciation expense for 2012 using the double diminishing-balance method will be

• A)$ 6,875.
• B)$12,375.
• C)$13,000.
• D)$13,750.

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