Answer:
$17,280
Explanation:
The double-declining-balance deprecation expense = Depreciation factor x cost of asset
Deprecation factor = 2 x (1/useful life)
2 x (1/5) = 0.4
Depreciation expense in 2014 = 0.4 × $120,000 = $48,000
Book value in 2014 = $120,000 - $48,000 = $72,000
Depreciation expense in 2015 = 0.4 x $72,000 = $28,800
Book value in 2015 = $72,000 - $28,800 = $43,200
Depreciation expense in 2016 = 0.4 x $43,200 = $17,280
I hope my answer helps you
