Multiple Choice
Use the following information for questions
On January 1, 2015, Sundry Corp.purchased equipment for $55,000.It was expected to last 8 years, after which it will be sold for $3,000.It is expected to be used for a total of 8,000 machine hours, and was used for 900 hours during the year ended December 31, 2015.
-The depreciation expense for 2015 using the double diminishing-balance method will be
A) $ 6,875.
B) $12,375.
C) $13,000.
D) $13,750.
Correct Answer:
Verified
Correct Answer:
Verified
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