(Answered) Question - assume a fixed asset cost of 10000 and a useful

Accounting

Question - Assume a fixed asset cost of $10,000 and a useful life of 5 years. In commencing to compute double-declining depreciation, the double-declining factor is computed as follows: First the $10,000 cost of the fixed asset is divided by the asset's useful life of 5 years to equal 20%, or a factor of 0.20. Next, multiply the factor of 0.20 by what amount to arrive at the proper double-declining factor?

a. 10%

b. 1.5

c. 2

d. none of these is correct

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