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Using the Double-Declining Balance Method, Depreciation for 2010 and Book

Question 29

Multiple Choice

Using the double-declining balance method, depreciation for 2010 and book value at December 31, 2010, would be:


A) $10,000 and $5,000.
B) $10,000 and $10,000.
C) $11,250 and $6,250.
D) $11,250 and $11,250.Depreciation in 2010 = [($45,000 (45,000 50%) ] 50% = $11,250 Book value, 12/31/10 = $45,000 22,500 11,250 = $11,250

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