Question
On January 1, Mulhanney Corp purchased a delivery truck for $46,000, having a salvage value of $4,000, and an estimated useful life of 4 years.
On January 1, Mulhanney Corp purchased a delivery truck for $46,000, having a salvage value of $4,000, and an estimated useful life of 4 years. Calculate the depreciation expense in Year 2 assuming the use of the double-declining balance method.
Choose one:
A. $15,500
B. $13,000
C. $11,500
D. $26,000
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Financial Accounting International Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
6th Edition
978-0470623275
