An Asset Costs $80,000 and Has a Salvage Value of $7,000.It

question 76

Multiple Choice

An asset costs $80,000 and has a salvage value of $7,000.It has a four-year life.Using double-declining-balance depreciation,Year 2 depreciation would be:

• A) $15,000.00.
• B) $15,437.50.
• C) $20,000.00.
• D) $18,250.00.