A machine with a five-year estimated useful life and an estimated 10 salvage value was acquired on

Question:

A machine with a five-year estimated useful life and an estimated 10 was acquired on January 1, 2013. The depreciation expense for 2015 using the double-declining balance method would be original cost multiplied by
a. 90% × 40% × 40%
b. 60% × 60 × 40%
c. 90% × 60% × 40%
d. 40% × 40%
Salvage Value
Salvage value is the estimated book value of an asset after depreciation is complete, based on what a company expects to receive in exchange for the asset at the end of its useful life. As such, an asset’s estimated salvage value is an important...