Ansar Group, purchased equipment for $100,000, with an estimated useful life of 10 years and a salvage value of $15,000?

16,000$

First Year8500

Second Year7,777

Total Around16000$

what of equipment they purchased and it will do

Yes Option C is the correct answer  

year 1: 8500

year 2: 7,777777777

T°: 16000

option d $0 will be the amount of depreciation for the second year on the basis of double declining balance method

The second year’s depreciation for this equipment using the double-declining balance method is

$8,500       A

The Correct result is Option C Amount USD16000

PV   100,000.00 For10 years Normal Depriciation Rate SV     15,000.00   10%   NBV     85,000.00       Year #  BV  2x of Depreciation Depreciation Book Balance 1   100,000.00 -20%            (20,000.00)        80,000.00 2     80,000.00 -20%            (16,000.00)         64,000.00 3     64,000.00 -20%            (12,800.00)        51,200.00 4     51,200.00 -20%            (10,240.00)        40,960.00 5     40,960.00 -20%               (8,192.00)        32,768.00 6     32,768.00 -20%               (6,553.60)        26,214.40 7     26,214.40 -20%               (5,242.88)        20,971.52 8     20,971.52 -20%               (4,194.30)        16,777.22 9     16,777.22 -20%               (3,355.44)        15,000.00                  (86,578.23)  

So It's  "C"

but after10 years remaining value is not15000

 

Double means straight line method percentage multiplied by2 . Here10 years =10% *2=20%  

And here we will ignore the salvage value . So first year is100,000 *20% = $20,000 as expense .

And second year we will take the book value of the equipment which is80,000 (100,000 -20,000 ) *20% =  16,000 .

Answer C is the right option 

But we have to note that at the end of useful life the book value should be equal $15,000 as an ending balance of the asset . 

 According to double- declining balance method .

A.8500$r this count as simple=85000/10=8500$