Warren Company Plans to Depreciate a New Building Using the Double

Multiple Choice

Warren Company plans to depreciate a new building using the double declining-balance depreciation method. The building cost $800,000. The estimated residual value of the building is $50,000 and it has an expected useful life of 25 years. What is the building's book value at the end of the first year?

A) $736,000.
B) $768,000.
C) $686,000.
D) $690,000.