(Answered) Schneider trucking inc purchased a new semi-truck on

Accounting

Schneider Trucking Inc. purchased a new semi-truck on January 1, 2016 for $200,000. Its useful life is expected to be 4 years and its salvage value is estimated at $25,000. What is the depreciation for 2017 using the declining-balance method at double the straight-line rate?

$43,750
$87,500
$100,000
$50,000

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