Using the double-declining balance method, depreciation for 2009 and the book value at December 31, 2009 would be:
A)$26,400 and $45,600.
B)$28,800 and $43,200.
C)$28,800 and $37,200.
D)$26,400 and $36,600.Depreciation, 2009 = $72,000 40% = $28,800 Book value, 12/31/09 = $72,000 28,800 = $43,200

Question

Quizplus · Accepted Answer

The double-declining balance method is an accelerated depreciation method where the depreciation rate is double the straight-line rate. Therefore, depreciation for 2009 would be $72,000 x 2 x 40% = $28,800. 
To calculate the book value at December 31, 2009, we subtract the accumulated depreciation from the original cost of $72,000: $72,000 - $28,800 = $43,200. 
The correct choice is B, as it matches both the depreciation for 2009 and the book value at December 31, 2009.

Using the Double-Declining Balance Method, Depreciation for 2009 and the Book