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What is the depreciation expense for the period

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Question - Johnson Co purchased an equipment on 1 January 2020 at a cost of $220,000. The company estimated that the equipment will have a salvage value of $20,000. The equipment is expected to be used for 20,000 hours during its 10-year useful life. Assume Johnson adopts Declining-balance method using double the straight-line rate for the financial year ending 30 June 2020, what is the depreciation expense for the period?

a. 35,200

b. 44,000

c. none of the above

d. 22,000

Reference no: EM132569107

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