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37) Beckman Enterprises purchased a depreciable asset on October 1, Year I at a cost...

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37) Beckman Enterprises purchased a depreciable asset on October 1, Year I at a cost of 37) S156,000. The asset is expected to have a salvage value of $16,400 at the end of its five-year useful life. If the asset is depreciated on the double-declining-balance method, the asset's book value on December 31, Year 2 will be: A) S33,696 B) $140,400 C) $45,684 D) $30,456 E) $84,240 38) Peavey Enterprises purchased a depreciable asset for $24,000 on April 1, Year 1. The 38) asset will be depreciated using the straight-line method over its four-year useful life. Assuming the asset's salvage value is $2400, Peavey Enterprises should recognize depreciation expense in Year 2 in the amount of: A) $21,600.00 B) $4500.00 C) $20,700.00 D) $6000.00 E) S5400.00

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