On January 1,2016,Baker Co

question 177

Multiple Choice

On January 1,2016,Baker Co.purchased equipment for $100,000.It has an estimated useful life of five years,and its residual value is $10,000.If it uses the double declining balance method,what is the amount of accumulated depreciation as of December 31,2017?

• A) $36,000
• B) $40,000
• C) $64,000
• D) $80,000

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