You own a car you originally purchased for $100,000. The car has accumulated depreciation this year of $55,000. The asset has a total useful life of 5 years and the residual value is $10,000. What is the depreciation expense using the reducing balance method assuming 2 times straight line rate?Required to answer.Single choice.

$20,000

$18,000

$14,000

$25,000

You own a car you originally purchased for $100,000. The car has accumulated depreciation this year of $55,000. The asset has a total useful life of 5,000 uses and the residual value is $10,000. What is the depreciation expense using the units of activity method if the car was driven 1,500 times this year?Required to answer.Single choice.

$27,000

$30,000

$25,000

$13,500