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Eckman Company purchased equipment for $120,000 on January 1, 2016, and will use the double-declining-balance...

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Eckman Company purchased equipment for $120,000 on January 1, 2016, and will use the double-declining-balance method of depreciation. It is estimated that the equipment will have a 5- year life and a $6,000 salvage value at the end of its useful life. The amount of depreciation expense recognized in the year 2018 will be Select one: a. $27,360 b. $28,800. c. $17,280. d. $16,416. A factory machine was purchased for $375,000 on January 1, 2017. It was estimated that it would have a $75,000 salvage value at the end of its 5-year useful life. It was also estimated that the machine would be run 40,000 hours in the 5 years. The company ran the machine for 4,000 actual hours in 2017. If the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2017 would be Select one: a. $37,500. b. $60,000 C. $30,000 d. $75,000

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