Warren Company plans to depreciate a new building using the double declining-balance depreciation method. The building cost $870,000. The estimated residual value of the building is $57,000 and it has an expected useful life of 20 years. Assuming the first year's depreciation expense was recorded properly, what would be the amount of depreciation expense for the second year

$73,170

Explanation:

The double declining-balance depreciation method of depreciation is otherwise known as Reducing Balance Method.

Depreciation Expense = 2 × SLDP × BVSLDP

WHERE,

SLDP = 100 ÷ Number of useful life

Therefore,

SLDP = 100 ÷ 20

         = 5 %

Depreciation for 1st year

Depreciation Expense = 2 × 5 % × ($870,000 - $57,000)

                                     = $81,300

Depreciation for 2nd year

Depreciation Expense = 2 × 5 % × ($870,000 - $57,000 - $81,300)

                                     = $73,170

a is the correct answer, tell me if im right

a recipe serves 8 people, and calls for 5 lbs of apples and 2 cups of flour. you want to prepare it for 24 people. divide 24 by 8 to get 3, and then multiply your ingredients by 3.

so for 24 people, you'll need 15 lbs of apples, and 6 cups of flour.