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On January 1, 2014, Rowley Company purchased a truck that cost $26.000. The truck had an expected useful life of 5 years and a $4,000

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On January 1, 2014, Rowley Company purchased a truck that cost $26.000. The truck had an expected useful life of 5 years and a $4,000 salvage value. The amount of depreciation expense recognized in 2014 assuming that Rowley uses the double declining balance method is: $4.400. $8, 800. $5, 200. $10, 400

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