At the end of 2018, the book value of the office equipment using straight-line depreciation and double-declining balance depreciation, respectively, would be:
A)$6,000/$840.
B)$6,000/$6,000.
C)$0/$0.
D)None of these answers is correct.

Question

Quizplus · Accepted Answer

At the end of 2018, the end of the office equipment's 6-year useful life, the book value will be equal to the $6,000 salvage value, regardless of which depreciation method is use

At the End of 2018, the Book Value of the Office