Jemima Ltd

Multiple Choice

Jemima Ltd.purchased factory equipment for $200,000, and estimated that the equipment will have a $20,000 residual value at the end of its estimated 5-year useful life.If Jemima uses the double diminishing-balance method of depreciation, the depreciation expense for the second year after purchase would be

A) $43,200.
B) $48,000.
C) $72,000.
D) $80,000.