On January 1,2011,Ace Electronics Paid $400,000 Cash for a Computer

Multiple Choice

On January 1,2011,Ace Electronics paid $400,000 cash for a computer that would be used to store and process its accounting information.The computer has a 5-year useful life,after which it will be worthless because it will be obsolete.Ace Electronics uses the double-declining balance method to depreciate its assets.The book value of the computer at December 31,2012 is ________.

A) $96,000
B) $144,000
C) $80,000
D) $256,000