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On January 1, 2014, Rowley Company purchased a truck that cost $22,000. The truck had an expected useful life of 5 years and a $4,000
On January 1, 2014, Rowley Company purchased a truck that cost $22,000. 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:
$4,320.
$5,280.
$7,200.
$8,800.
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