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On 1/1/17, LeDuc bought a steamroller for $63,000. It has a $7,000 salvage value and a 4 year useful life. Under double declining balance, 2018
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On 1/1/17, LeDuc bought a steamroller for $63,000. It has a $7,000 salvage value and a 4 year useful life. Under double declining balance, 2018 depreciation and 12/31/18 book value are:
A. $14,000 and $49,000 respectively.
B. $14,000 and $7,000 respectively.
C. $15,750 and $8,750 respectively.
D. $15,750 and $15,750 respectively.
On 1/1/17, LeDuc bought a steamroller for $63,000. It has a $7,000 salvage value and a 4 year useful life. Under double declining balance, 2018 depreciation and 12/31/18 book value are:
| A. | $14,000 and $49,000 respectively. | |
| B. | $14,000 and $7,000 respectively. | |
| C. | $15,750 and $8,750 respectively. | |
| D. | $15,750 and $15,750 respectively. |
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