Question: A restaurant purchased bread maker for $5,000 on January 1, 2018. The company year-end is December 31. The life-time of the bread maker is 4

A restaurant purchased bread maker for $5,000 on January 1, 2018. The company year-end is December 31. The life-time of the bread maker is 4 years and its residual value is $1,000. They use Double-Declining method for depreciation. Od. $1,250 a. How much is the amount of depreciation in year-1? Oa. $2,500 Ob. $2,000 Oc. $1,000 b. How much is the amount of depreciation in year-2? Oa. $1,200 Ob. $800 Oc. $1,250 c. How much is the amount of depreciation in year-3? Oa. $950 Ob. $625 Oc. $1,500 d. How much is the amount of depreciation in year-4? Oa. $0 Ob. $375 Oc. $2500 Od. $1,000 Od. $250 Od. $1,000

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