Sheridan Company purchased equipment for $918000 on January 1, 2017, and will use the double-declining-balance method of depreciation. It is estimated that the equipment will have a 3-year life and a $45000 salvage value at the end of its useful life. The amount of depreciation expense recognized in the year 2019 will be $110880. $102000. $65880. $57000.

Equipment was purchased for $141000. Freight charges amounted to $7500 and there was a cost of $20200 for building a foundation and installing the equipment. It is estimated that the equipment will have a $29900 salvage value at the end of its 5-year useful life. Depreciation expense each year using the straight-line method will be $22220. $27760. $22660. $33740.

Equipment was purchased for $157000. Freight charges amounted to $7400 and there was a cost of $19000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $30500 salvage value at the end of its 5-year useful life. Depreciation expense each year using the straight-line method will be $30580. $26120. $36680. $25300.