45. Porter Company purchased equipment for $450,000 on January 1, 2016 and will use the double-declining balance method of depreciation. It is estimated that the equipment will have a 3-year life and a $20,000 salvage value at the end of its useful life. The amount of depreciation expense recognized in the year 2018 will be A) $50,000 B) $30,000 C) $54,000 D) $34,000 Use the following to answer questions 46-48: Brinkman Corporation bought equipment on January 1, 2016. The equipment cost $90,000 and had an expected salvage value of $15,000. The life of the equipment was estimated to be 6 years. 46. The depreciable cost of the equipment is A) $90,000 B) $75,000 C) $50,000 D) $12,000 47. The depreciation expense using the straight line method of depreciation is A) $17,500 B) $18,000 C) $12,500 D) none of the above 48. The book value of the equipment at the beginning of the third year would be A) $90,000 B) $75,000 C) $65,000 D) $25,000 49. Equipment costing $30,000 with a salvage value of $6,000 and an estimated life of 8 years has been depreciated using the straight-line method for 2 years. Assuming a revised estimated total life of 5 years and no change in the salvage value, the depreciation expense for 3 years would be A) $3,600 B) $8,000 C) $6,000 D) $4,800 Page 11