Compute the balance in Accumulated Depreciation as of December 31, 2013, if Bay Back Company uses the double-declining-balance method of depreciation.

Compute the balance in Accumulated Depreciation as of December 31, 2013, if Bay Back Company uses the double-declining-balance method of depreciation.

Bay Back
Company acquired equipment on June 30, 2011, for $210,000. The residual value
is $35,000 and the estimated life is 5 years or 40,000 hours. Compute the
balance in Accumulated Depreciation as of December 31, 2013, if Bay Back
Company uses the double-declining-balance method of depreciation.

A) $68,040

B) $134,400

C) $141,960

D) $149,520



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