Fantasy Cruise Lines on January 1,2012,the Company Purchased a Ship

Multiple Choice

Fantasy Cruise Lines On January 1,2012,the company purchased a ship for $1,000,000.It has a ten-year useful life and a residual value of $100,000.The company uses the double-declining-balance method.
-Refer to Fantasy Cruise Lines.What will be the book value of the ship after ten years?

A) $200,000
B) $400,000
C) $ 0
D) $100,000