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Jing Company was started on January 1,2016 when it issued common stock for $50,000 cash.Also,on January 1,2016 the company purchased office equipment that cost $34,000 cash.The equipment was delivered under terms FOB shipping point,and transportation cost was $2,000.The equipment had a five-year useful life and a $12,000 expected salvage value.
-Using double-declining balance depreciation,determine the amount of depreciation expense and the amount of accumulated depreciation that would appear on the December 31,2018 financial statements.
A)$0/$24,000.
B)$960/$24,000.
C)$8,640/$23,040.
D)$5,184/$28,224.

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Use the following to answer questions 
Jing Company was started on January 1,2016 when it issued common stock for $50,000 cash.Also,on January 1,2016 the company purchased office equipment that cost $34,000 cash.The equipment was delivered under terms FOB shipping point,and transportation cost was $2,000.The equipment had a five-year useful life and a $12,000 expected salvage value.
-Using double-declining balance depreciation,determine the amount of depreciation expense and the amount of accumulated depreciation that would appear on the December 31,2018 financial statements.
A)$0/$24,000.
B)$960/$24,000.
C)$8,640/$23,040.
D)$5,184/$28,224.

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The Answer of Use the following to answer questions 
Jing Company was started on January 1,2016 when it issued common stock for $50,000 cash.Also,on January 1,2016 the company purchased office equipment that cost $34,000 cash.The equipment was delivered under terms FOB shipping point,and transportation cost was $2,000.The equipment had a five-year useful life and a $12,000 expected salvage value.
-Using double-declining balance depreciation,determine the amount of depreciation expense and the amount of accumulated depreciation that would appear on the December 31,2018 financial statements.
A)$0/$24,000.
B)$960/$24,000.
C)$8,640/$23,040.
D)$5,184/$28,224.

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