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Question 118

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On April 30,2017,Tilton Products purchased machinery for $88,000.The useful life of this machinery is estimated at 8 years,with an $8,000 residual value.
-Assume that in its financial statements,Tilton Products uses the 200%-declining-balance method and the half-year convention.Depreciation expense in 2017 and 2018 will be:


A) $11,000 in 2017 and $19,250 in 2018.
B) $22,000 in 2017 and $12,571 in 2018.
C) $22,000 in 2017 and $7,857 in 2018.
D) $11,000 in 2017 and $22,000 in 2018.

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