JLong Purchased Computer Equipment for $7,000 on January 1,2015

Multiple Choice

J.Long purchased computer equipment for $7,000 on January 1,2015.It has a residual value of $700 with a useful life of 5 years.After the appropriate adjusting entry is made,the book value of the asset on December 31,2015,under the double declining-balance method,is:

A) $4,000.
B) $4,200.
C) $3,000.
D) $4,100.