Eckman Company purchased equipment for $40,000 on January 1, 2009, and will use the double-declining-balance method of depreciation. It is estimated that the equipment will have a 5-year life and a $2,000 salvage value at the end of its useful life. The amount of depreciation expense recognized in the year 2011 will be

Question 42 options:

1)

$9,120.

2)

$5,760.

3)

$9,600.

4)

$5,472.