Suppose a Tractor Purchased at a Price of $60,000 Is

Multiple Choice

Suppose a tractor purchased at a price of $60,000 is to be depreciated by the double declining-balance method over a 10-year period. It can be shown that the rate at which the book value will be decreasing is given by ​ ​
Dollars/year at year t. Find the amount by which the book value of the tractor will depreciate over the first 4 years of its life. Please round the answer to the nearest cent.
​

A) $44,258.76
B) $34,481.40
C) $29,465.81
D) $32,210.13
E) $34,360.97