A cargo van purchased by Airport Carriers should last 3 years. The purchase price was $70,800. Shipping costs were $1,557. The trade-in value is $5,412. Prepare a depreciation schedule using the double declining balance method, then enter the accumulated depreciation at the end of year 2 as your answer. (Round the declining balance rate to 4 decimal places, and all dollar amounts to the nearest
cent)
A) $64,318.94
B) $48,240.41
C) $62,949.05
D) $47,223.60
A
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Answer the following statement true (T) or false (F)
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