Schager Company Purchased a Computer System on January 1,2010,at a Cash

Multiple Choice

Schager Company purchased a computer system on January 1,2010,at a cash cost of $25,000.The estimated useful life is 10 years,and the estimated residual value is $3,000.The company will use the double declining-balance depreciation method.What is the accumulated depreciation balance as of December 31,2011?

A) $9,000
B) $4,000
C) $5,000
D) $10,920