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A truck with an estimated life of four years was acquired on June 30, Year 1, for $13,000. The estimated residual value of the truck

A truck with an estimated life of four years was acquired on June 30, Year 1, for

$13,000. The estimated residual value of the truck is $1,000, and the service life is

estimated at 100,000 miles. Compute depreciation for Year 1 using the

following methods (where appropriate, round depreciation to the nearest month).

Refer to the above data.

Question:

What is the Fixed-percentage of declining balance(twice the straight line rate) depreciation for Year 1 ?

Select one:

a.

$3,250

b.

$4,875

c.

$4,063

d.

$3,350

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