b

A company purchased a piece of equipment for $30,000 on May 1, 2015. It estimates a residual value of $2.500, and a useful life of 5 years. What is the carrying value on December 31, 2016 using the double-declining balance method (rounded to nearest dollar)? a. $13200 b. $10800 C. $18000 d. $22000 A company purchased a piece of equipment for $23,000 on March 1, 2015. It estimates a residual value of $3,000, a useful life of 5 years and estimated productive life of 11,000 units. It produced 2,000 units in 2015. What is depreciation expense for 2015 using the units-of- production method (rounded to nearest dollar)? a. $3,030 b. $3,636 C. 53,333 d. $4,000