On January 2, 2012, Hockey Skates, Inc

question 52

Multiple Choice

On January 2, 2012, Hockey Skates, Inc., acquired equipment for $230,000. The estimated life of the equipment is 5 years. The estimated residual value is $30,000. What is the book value of the equipment on December 31, 2012, if Hockey Skates uses the double-declining-balance method of depreciation?

• A) $92,000
• B) $138,000
• C) $150,000
• D) $184,000

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