Legislate Company purchased equipment for $80,000 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 $4,000 salvage value at the end of its useful life. The amount of depreciation expense recognized in the year 2019 will be:   Group of answer choices $11,520 $18,240 $10,944 $19,200

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A: The Correct Answer is option d.($13,875) Depreciation charged under original life for 2019 and 2020…

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A:

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A: Straight line method of depreciation is that method in which cost of the asset is depreciated over…

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