If an Asset Costs $41,000,has a Residual Value of $3,000,and

Multiple Choice

If an asset costs $41,000,has a residual value of $3,000,and has a useful life of five years,the entry to record depreciation in the second year,using the double-declining-balance method,is

A) debit to Depreciation Expense,9,430;credit to Cash,9,430.
B) debit to Depreciation Expense,9,840;credit to Accumulated Depreciation,9,840
C) debit to Depreciation Expense,10,250;credit to Accumulated Depreciation,10,250
D) debit to Accumulated Depreciation,10,660;credit to Depreciation Expense,10,660