Use the Following Information for Questions

Multiple Choice

Use the following information for questions:
Western Farms purchased some equipment on January 1, 2011 for $12,600.The equipment has an estimated useful life of 10 years and an estimated residual value of $1,200.The company uses double-declining-balance amortization.
-The net book value on January 1, 2012 would be:

A) $10,080
B) $10,320
C) $11,340
D) $11,460