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Depreciation declining - balance method On April 1 , 2 0 2 3 , Terranova Company acquired $ 3 0 , 0 0 0 of

Depreciationdeclining-balance method
On April 1,2023, Terranova Company acquired $30,000 of furniture. The furniture is expected to last 8 years with no residual value. Terranova uses the double-declining-balance method and fractional-year depreciation based on the number of months.
Required:
What would be the depreciation expense for the year ended December 31,2023?

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