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What the book value at december using the double-declining

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Cutter Enterprises purchased equipment for $99,000 on January 1, 2018. The equipment is expected to have a five-year life and a residual value of $4500.

Problem 1: Using the double-declining balance method, the book value at December 31, 2019, would be:

Option 1: $34,740.

Option 2: $19,800.

Option 3: $36,840.

Option 4: $35,640.

Option 5: None of the above.

Reference no: EM132687829

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