1

Kingston Company purchased a piece of equipment on January 1, 2014. The equipment cost $200,000 and had an estimated life of 8 years and a salvage value of $25,000. What was the depreciation expense for the asset for 2015 under the double-declining-balance method?

Select one:

A. $21,667.

B. $37,500.

C. $50,000.

D. $39,063.

2.

Eckman Company purchased equipment for $120,000 on January 1, 2013, and will use the double-declining-balance method of depreciation. It is estimated that the equipment will have a 5-year life and a $6,000 salvage value at the end of its useful life. The amount of depreciation expense recognized in the year 2015 will be

Select one:

A. $17,280.

B. $27,360.

C. $28,800.

D. $16,416.

3,

Equipment with a cost of $400,000 has an estimated salvage value of $25,000 and an estimated life of 4 years or 15,000 hours. It is to be depreciated using the units-of-activity method. What is the amount of depreciation for the first full year, during which the equipment was used 3,300 hours?

Select one:

A. $100,000

B. $113,800

C. $82,500

D. $93,750