Depreciation for 2010, using double-declining balance, would be:
A)$32,000.
B)$34,000.
C)$38,000.
D)$40,000.Depreciation for 2010 = [$200,000 ($200,000 20% 3/12] 20% = $38,000

Question

Quizplus · Accepted Answer

The question asks for depreciation for 2010 using double-declining balance method. Using the given information, we can calculate the depreciation as follows:

Depreciation for 2010 = [$200,000 ($200,000 20% 3/12] 20%
= [$200,000 ($10,000)] 20%
= $2,000,000 20%
= $40,000

Therefore, the correct answer is option C, which is $38,000.

Depreciation for 2010, Using Double-Declining Balance, Would Be