Bethany Company Plans to Depreciate a New Building Using Declining-Balance

question 139

Multiple Choice

Bethany Company plans to depreciate a new building using declining-balance depreciation with a 200 percent acceleration rate.The building cost $400,000.The estimated residual value of the building is $50,000 and it has an expected useful life of 25 years.Assuming the first year's depreciation expense was recorded properly,what would be the amount of depreciation expense for the second year?

• A)$15,360
• B)$16,000
• C)$29,440
• D)$32,000

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