Homework Answers
Ans:Option D is correct Answer
Double declining depreciation rate = 1/5*2= 40%
Depreciation for 2016 = 120000*40% = 48000
Depreciation for 2017 = (120000-48000)*40%= 28800
Balance in accumulated depreciation on December 31,2017 = 48000+28800 = 76800
Option D is correct
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