Conley Company Purchased Equipment for $120,000 on January 1, 2015

Multiple Choice

Conley Company purchased equipment for $120,000 on January 1, 2015, and will use the double-declining-balance method of depreciation. It is estimated that the equipment will have a 5-year life and a $6,000 salvage value at the end of its useful life. The amount of depreciation expense recognized in the year 2017 will be

A) $17,280.
B) $27,360.
C) $28,800.
D) $16,416