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Machinery was purchased on January 1, 2010 for $51,000. The machinery has an estimated life of 7 years and an estimated salvage value of $9,000. Double-declining balance depreciation for 2011 would be
$10,929
$6,000
$10,500
$10,408

Respuesta :

facundobuzzetti

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Machinery was purchased on January 1, 2010, for $51,000. The machinery has an estimated life of 7 years and an estimated salvage value of $9,000.

Annual depreciation= 2*[(book value)/estimated life (years)]

Year 1= [(51,000)/7]*2= 14,571.43

Year 2= [(51,000 - 14,571.43)/7]*2= 10,408

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