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What is depreciation expense using double-declining balance

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Question - Your Corporation, a calendar-year company, acquired a new machine on January one, Year one. The cost of the machine is $850,000, and the machine has an estimated useful life of 8 years (or 800,000 units of product). The machine has an expected salvage value of $55,000. Accumulated depreciation at the beginning of year three was $371,875. What is depreciation expense using the double-declining balance method, for year three?

a) 198,750

b) 119,531

c) 47813

d) 105871

Reference no: EM132768394

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