Accounting t. Prof.Kolb 5. What is the depreciation expense in Year one if the double- declining-balance method is used? 60,000 b50,000 C64,000 d. $45,000 6 The entry to record annual depreciation includes: a. a debit to Accumulated Depreciation. b. a credit to Depreciation Expense. c. a credit to Accumulated Depreciation. d. none of the above e. only "a" and "b." In calculating the total cost of a plant asset, all costs are included except: a. purchase price. b. routine repairs after purchase. related commission. taxes. installation costs