An asset having a four-year service life and a salvage value of $5,000 was acquired for $45,000 cash on January 2 . The depreciation expense for the second year, December 31, will be:

a. $5,000, under the straight-line method.
b. $11,250, under the declining-balance method.
c. $14,000, under the sum-of-the-years'-digits method.
d. $11,250, under the straight-line method.
e. $16,000, under the sum-of-the-years'-digits method.


b

Business

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