an-asset-with-a-beginning-net-book-value-of-10000-and-a-double-declining-balance

Question

An asset with a beginning net book value of $10,000 and a double declining balance rate of 0.4 is depreciated. What is the depreciation expense for the first year?

Accepted Answer

$4,000

Answer

$6,000

Answer

$2,000

Answer

$8,000

An asset with a beginning net book value of \$10,000 and a double declining balance rate of 0.4 is depreciated. What is the depreciation expense for the first year?