double declining balance method

Accounting
Tutor: None Selected Time limit: 1 Day

A company purchased machinery for $10,800,000 on January 1, 2013. The machinery has a useful life of 10 years and an estimated salvage value of $800,000. What is the depreciation expense on the machinery for the year ended December 31, 2014, assuming the double declining balance method is used? 

A. $ 2,160,000 

C. $ 1,728,000 

B. $ 3,888,000 

D . $ 2,000,000 

Jun 20th, 2015

Thank you for the opportunity to help you with your question!

A. $ 2,160,000.................

Please let me know if you need any clarification. I'm always happy to answer your questions.
Jun 20th, 2015

thank you! :)

Jun 20th, 2015

You are welcome

Jun 20th, 2015

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