Eckman Company purchased equipment for $120,000 on January 1, 2017, and will use the double-declining-balance method of depreciation. It is estimated that the equipment will have a 5-year life and a $6,000 salvage value at the end of its useful life. The amount of depreciation expense recognized in the year 2019 will be
A. $17,280.
B. $27,360.
C. $28,800.
D. $16,416.
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Home » Business » Eckman Company purchased equipment for $120,000 on January 1, 2017, and will use the double-declining-balance method of depreciation. It is estimated that the equipment will have a 5-year life and a $6,000 salvage value at the end of its useful life.