Schager Company Purchased a Computer System on January 1,2010,at a Cash

question 40

Multiple Choice

Schager Company purchased a computer system on January 1,2010,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 2011 depreciation expense?

• A)$5,000
• B)$4,000
• C)$3,800
• D)$2,200

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