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Pebble Beach Co. buys a piece of equipment for $68,000. The equipment has a useful life...

Pebble Beach Co. buys a piece of equipment for $68,000. The equipment has a useful life of five years. No residual value is expected at the end of the useful life. Using the double-declining-balance method, what is the company's depreciation expense in the first year of the equipment’s useful life? (Do not round intermediate calculations.)

Multiple Choice

  • $27,200

  • $17,000

  • $34,000

  • $13,600

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